Molson Coors Beverage Company (TAP) concluded trading on Wednesday at a closing price of $53.45, with 4.27 million shares of worth about $228.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.77% during that period and on February 12, 2025 the price saw a loss of about -1.02%. Currently the company’s common shares owned by public are about 194.00M shares, out of which, 170.22M shares are available for trading.
Stock saw a price change of 0.32% in past 5 days and over the past one month there was a price change of -0.67%. Year-to-date (YTD), TAP shares are showing a performance of -6.75% which decreased to -11.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.19 but also hit the highest price of $69.18 during that period. The average intraday trading volume for Molson Coors Beverage Company shares is 1.73 million. The stock is currently trading -1.96% below its 20-day simple moving average (SMA20), while that difference is down -6.19% for SMA50 and it goes to -3.54% lower than SMA200.
Molson Coors Beverage Company (NYSE: TAP) currently have 194.00M outstanding shares and institutions hold larger chunk of about 80.15% of that.
The stock has a current market capitalization of $11.02B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 12.06, while it has posted earnings per share of $4.43 in the same period. Its PEG reads 2.58 and has Quick Ratio of 0.74 while making debt-to-equity ratio of 0.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TAP, volatility over the week remained 2.29% while standing at 1.99% over the month.
Stock’s fiscal year EPS is expected to rise by 6.73% while it is estimated to increase by 3.02% in next year. EPS is likely to grow at an annualized rate of 4.68% for next 5-years, compared to annual growth of -3.26% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on February 05, 2025 offering a Neutral rating for the stock and assigned a target price range of between $47 and $57 to it. Coverage by BofA Securities stated Molson Coors Beverage Company (TAP) stock as a Buy in their note to investors on December 06, 2024, suggesting a price target of $70 for the stock. On December 06, 2024, Needham Initiated their recommendations, while on November 25, 2024, Exane BNP Paribas Initiated their ratings for the stock with a price target of $64. Stock get an Overweight rating from Wells Fargo on November 08, 2024.
