Home Analyst Ratings Jefferies lifts Molson Coors Beverage Company rating to Buy and price...

Jefferies lifts Molson Coors Beverage Company [TAP] rating to Buy and price target to $57

Jefferies took its Molson Coors Beverage Company [TAP] rating to the equivalent of a Buy from a ‎Hold, ‎and the price target to $57 from $36, in a research note dated January 04, 2021. That figure ‎represents ‎around a 26.16% premium from where the company’s shares closed on Thursday. ‎Meanwhile, Wells Fargo had launched its ‎coverage on TAP with “an Equal weight”, in a research note ‎produced for clients December 08, 2020. In ‎addition, there was no change from Guggenheim on ‎October 07, 2020. The rater maintained TAP to “a ‎Buy” but assigned new target price of $62.

Get the hottest stocks to ‎trade every day before the market opens 100% ‎free. Click here now. ‎‎

Is Molson Coors Beverage Company [NYSE:TAP] a ‎Good Buy Right Now?

It should be noted ‎that TAP technical indicators for short, intermediate as ‎well as long term progress have placed an ‎overall average of 88% as Buy. The average signal changed ‎from 88% Buy in the last week and ‎compares with 72% Buy in the past month. Data from Molson Coors ‎Beverage Company’s Trend ‎Spotter indicated that the signals were Weakest. The stock current ‎average is 1.88 million shares in the ‎past 20 days and the short term average signal indicates a 50% Buy. ‎In the last 50 days, the average ‎trading volume was 2.59 million shares while the medium term average ‎advocated for 100% Buy. The ‎average long-term signal stands at 100% Buy and the 100-day average ‎volume stands at 2.37 million ‎shares.‎‎


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


TAP Price Performance

On Wall Street, Molson Coors ‎Beverage Company [NYSE:TAP] ‎finished Thursday’s session down -0.11% at $45.19. The stock went up ‎to $45.28 at the same session ‎while its lowest single day price was $44.8154. In the last five days, it saw ‎a fall of about -0.44%, Molson ‎Coors Beverage Company shares dropped by almost -16.16% since the ‎beginning of the year. ‎However, the share price has dropped to as low as -27.04% below its one year ‎high. On 02/12/20, the ‎company shares recorded $61.94, the highest single-day price it has got to in ‎the last 52-weeks and a ‎‎52-week low was seen on 09/24/20, the same year at $32.11. The company’s ‎shares have declined by -‎‎15.60% in the past year. The 50-day SMA achieved is $42.92 while the 200-day ‎SMA is $39.01. Volume ‎dropped to 1.03 million from 1.2 million in the previous session.‎‎

Molson ‎Coors Beverage Company [TAP] Valuation Measures

Notably, Molson Coors ‎Beverage Company ‎‎[TAP] stock can be classified as a good candidate in the listing of underestimated ‎low-priced Beverages ‎‎- Brewers companies to purchase soonest possible with the prevailing 12-month ‎PE ratio of 16.78. The ‎measure means the stock is exchanging at a discount as compared to the 25.22x ‎trailing earnings of the ‎industry. It can be helpful for investors to consider historical price-sales ratio, ‎more specifically, a 1.00 ‎PS value ratio is reported for the last one year of reported earnings. That is ‎lower than the industry ‎average of 2.08 which means TAP serve an attractive investment opportunity ‎compared to its ‎competitors.‎‎

TAP Stock Support And Resistance Levels

On the 24-hour scale, the immediate ‎backing is ‎perceived around 44.91 level, and in case of violation of this particular level, it will cause ‎more drop to ‎‎44.63 level. On the upper level, 45.56 is still the key resistance. The stock may increase to ‎the ‎subsequent resistance at 45.37. The Relative Strength Index (RSI) pinned on the 14-day chart is ‎‎51.05, ‎implying a neutral technical stance while the MACD stands at -0.27, meaning price will decrease ‎in the ‎next trading period. Percent R indicator moved to 70.98%, implying bearish price ‎movement. ‎Stochastic %K at 30.99% suggest selling the stock.‎‎

What is the short interest in Molson ‎Coors Beverage Company?

Short interest in the Molson ‎Coors Beverage Company stock has ‎surged, increasing by 1.4 million shares to total 10.48 million shares ‎on Dec 14, 2020. The interest had ‎seen shares on Nov 12, 2020 stand at 11.88 million, data from Yahoo ‎Finance shows. The decrease of -‎‎13.36% suggests the stock saw some decreased bullish sentiment. ‎The stock’s days to cover (short ‎ratio) moved to while the shorted shares account for just 7.00% of the ‎overall float for the stock.‎‎‎

Molson Coors Beverage Company’s Biggest Shareholders: Who Owns Molson Coors ‎Beverage ‎Company [TAP]?

Filings by Dodge & Cox showed that the firm now holds a total of ‎‎29,806,693 ‎shares or roughly 14.88% of the outstanding TAP shares. This means their shares have ‎increased by ‎‎6,698,355 from the 29,806,693 the investor reportedly held in its prior 13-F filing. With the ‎conclusion of ‎the purchase, The Vanguard Group, Inc. updated stake is worth $844,876,066. Details in ‎the latest 13F ‎filings reveal that BlackRock Fund Advisors acquired their 1.19% stake valued at ‎‎$431,663,954 while ‎SSgA Funds Management, Inc. cut theirs at $414,838,166. During the last quarter, ‎BlackRock Fund ‎Advisors raised 110,801 of its shares in Molson Coors Beverage Company while SSgA ‎Funds ‎Management, Inc. sold -215,442 shares. The Clarkston Capital Partners LLC’s holdings currently ‎number ‎‎5,887,564 shares at $266059017.16. According to the firm’s last 13F report, LSV Asset ‎Management ‎shares in the company at filing stood at 5,822,167 shares, roughly $267,819,682.‎‎

TAP ‎Earnings Forecast For The Current Quarter

Molson Coors Beverage Company [TAP] is ‎expected to ‎report weak earnings results for the quarter ending on Dec 2020. Consensus estimates ‎give the ‎company expected revenues of $2.41B and an earnings per share of $0.77 for Dec 2020. ‎Looking ‎further ahead, the company is expected to report revenue of $2.17B at an EPS of $0.36 for ‎Mar 2021. ‎The estimates represent downside of 4.30% and -0.43% in the company’s revenue and ‎earnings per ‎share, respectively, on a year-on-year basis.‎‎

Get the hottest stocks to ‎trade every day before the market opens 100% ‎free. Click here ‎now. 

TAP Earnings Estimates For The Current ‎Year

For the financial ‎year, Molson Coors Beverage Company [NYSE:TAP] is expected to bring in ‎revenue of $9.8B. The ‎returns are nearly $-780.0 million lower than the company’s actual revenue ‎recorded in the fiscal year ‎‎2019. In terms of EPS for the 2020, estimate put it at 4.19, lower than that of ‎FY19 by -$0.35. Estimates ‎put this year’s earnings growth at -7.70%, -0.20% for the next, and at an ‎annual -2.10% over the next 5-‎year period. As for sales, forecasts are for a decrease of -7.40% in the ‎current fiscal year and a further ‎‎4.30% over the following year.‎

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam