Molson Coors Brewing’s (TAP) Buy Rating Reaffirmed at Stifel Nicolaus

Molson Coors Brewing (NYSE:TAP)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a note issued to investors on Thursday. They currently have a $100.00 price objective on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 36.56% from the company’s previous close.

A number of other equities analysts have also recently commented on TAP. Goldman Sachs cut shares of Molson Coors Brewing from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $73.55 to $83.00 in a research report on Tuesday. Citigroup decreased their target price on shares of Molson Coors Brewing from $102.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, April 5th. Susquehanna Bancshares set a $107.00 target price on shares of Molson Coors Brewing and gave the stock a “buy” rating in a research report on Monday, February 12th. BMO Capital Markets began coverage on shares of Molson Coors Brewing in a research report on Monday, February 5th. They issued an “outperform” rating and a $95.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Monday, February 19th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Molson Coors Brewing has an average rating of “Buy” and a consensus target price of $93.68.

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Molson Coors Brewing stock opened at $73.23 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.47 and a current ratio of 0.64. The firm has a market cap of $15,888.63, a PE ratio of 16.38, a P/E/G ratio of 1.69 and a beta of 0.81. Molson Coors Brewing has a fifty-two week low of $72.07 and a fifty-two week high of $97.50.

Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, February 14th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Molson Coors Brewing had a net margin of 10.34% and a return on equity of 7.55%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. equities analysts forecast that Molson Coors Brewing will post 5.12 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new position in shares of Molson Coors Brewing in the fourth quarter valued at about $129,000. Valeo Financial Advisors LLC increased its position in shares of Molson Coors Brewing by 58.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock valued at $153,000 after acquiring an additional 686 shares during the period. Dupont Capital Management Corp increased its position in shares of Molson Coors Brewing by 94.9% in the fourth quarter. Dupont Capital Management Corp now owns 2,468 shares of the company’s stock valued at $203,000 after acquiring an additional 1,202 shares during the period. Chemical Bank purchased a new position in shares of Molson Coors Brewing in the fourth quarter valued at about $205,000. Finally, WealthPLAN Partners LLC purchased a new position in shares of Molson Coors Brewing in the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 77.11% of the company’s stock.

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About Molson Coors Brewing

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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