How Analysts Feel About Molson Coors Brewing Company (TAP) After Making 52 Week Low?

April 22, 2018 - By Vivian Park

Molson Coors Brewing Company (NYSE:TAP) Logo

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.07, from 1.18 in 2017Q3. It is negative, as 62 investors sold Molson Coors Brewing Company shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported.
Daiwa Gp has 0% invested in Molson Coors Brewing Company (NYSE:TAP). Dimensional Fund Advsrs L P reported 4,890 shares. Colorado-based Amg Trust Fincl Bank has invested 1.55% in Molson Coors Brewing Company (NYSE:TAP). Arizona State Retirement System stated it has 95,504 shares. Guggenheim Ltd Co has invested 0.17% in Molson Coors Brewing Company (NYSE:TAP). Massachusetts Financial Services Ma stated it has 995,934 shares or 0.03% of all its holdings. Fort Point Cap Ptnrs Limited Liability Company has invested 0.15% in Molson Coors Brewing Company (NYSE:TAP). Royal Bancorporation Of Canada owns 0.02% invested in Molson Coors Brewing Company (NYSE:TAP) for 425,251 shares. Amalgamated Bancshares owns 21,939 shares for 0.05% of their portfolio. Rhumbline Advisers invested 0.06% in Molson Coors Brewing Company (NYSE:TAP). Cypress Cap Grp reported 4,576 shares. Moreover, First Personal Service has 0.32% invested in Molson Coors Brewing Company (NYSE:TAP). 13,019 were reported by Qs Invsts Lc. Mcf Advsr Llc owns 54 shares for 0% of their portfolio. Fincl Architects Inc owns 228 shares for 0% of their portfolio.

Since January 16, 2018, it had 0 buys, and 2 sales for $4.74 million activity. The insider COORS PETER H sold 55,603 shares worth $4.73M.

The stock of Molson Coors Brewing Company (NYSE:TAP) hit a new 52-week low and has $64.05 target or 9.00 % below today’s $70.38 share price. The 5 months bearish chart indicates high risk for the $15.19B company. The 1-year low was reported on Apr, 22 by Barchart.com. If the $64.05 price target is reached, the company will be worth $1.37 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.67% or $2.68 during the last trading session, reaching $70.38. About 4.50M shares traded or 140.60% up from the average. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since April 22, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on May, 2 before the open. They expect $0.83 earnings per share, up 9.21 % or $0.07 from last year’s $0.76 per share. TAP’s profit will be $179.10 million for 21.20 P/E if the $0.83 EPS becomes a reality. After $0.62 actual earnings per share reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 33.87 % EPS growth.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 11 analysts covering Molson Coors (NYSE:TAP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Molson Coors had 18 analyst reports since October 23, 2017 according to SRatingsIntel. The rating was maintained by Susquehanna with “Buy” on Thursday, March 22. On Monday, February 12 the stock rating was upgraded by Credit Suisse to “Outperform”. Citigroup maintained Molson Coors Brewing Company (NYSE:TAP) rating on Thursday, April 5. Citigroup has “Buy” rating and $88 target. Stifel Nicolaus maintained the shares of TAP in report on Monday, October 23 with “Buy” rating. The firm has “Hold” rating by Cowen & Co given on Friday, October 27. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, December 22 report. The stock of Molson Coors Brewing Company (NYSE:TAP) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 18. The firm earned “Hold” rating on Tuesday, April 17 by Goldman Sachs. As per Monday, February 12, the company rating was maintained by Susquehanna. Credit Suisse maintained the stock with “Outperform” rating in Thursday, February 15 report.

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $15.19 billion. 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. It has a 10.78 P/E ratio. The firm also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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