In yesterday’s Wall Street session, Molson Coors Beverage Company (NYSE:TAP) shares traded at $58.54, up 9.52% from the previous session.
TAP stock price is now 2.87% away from the 50-day moving average and 5.69% away from the 200-day moving average. The market capitalization of the company currently stands at $12.06B.
With the price target enhanced from $47 to $57, Citigroup Upgraded its rating from Sell to Neutral for Molson Coors Beverage Company (NYSE: TAP). On December 06, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $57 to quote $70, while ‘Needham’ rates the stock as ‘Buy’
A total of 17.37% of the company’s stock is owned by insiders.
During the past 12 months, Molson Coors Beverage Company has had a low of $49.19 and a high of $69.18. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 0.99, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $16838302720, which is based on a 13.20 price-to-earnings ratio, a 3.25 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for TAP is $56.9768 and a two-hundred day moving average price translates $55.4099 for the stock.
The latest earnings results from Molson Coors Beverage Company (NYSE: TAP) was released for 2024-09-30. The net profit margin was 8.03% and return on equity was 7.05% for TAP. The company reported revenue of $3.04 billion for the quarter, compared to $3.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.75 percent.
