Somewhat Positive News Coverage Somewhat Unlikely to Affect Molson Coors Brewing (NYSE:TAP) Share Price
News stories about Molson Coors Brewing (NYSE:TAP) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Molson Coors Brewing earned a news impact score of 0.02 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.8587487303734 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Noteworthy Friday Option Activity: TAP, TSCO, PFE – Nasdaq (nasdaq.com)
- Leading Stock of Yesterday— Molson Coors Brewing Company (TAP) – usstockjournal (usstockjournal.com)
- 7 S&P 500 ‘GARP’ Stocks to Buy and Hold – Investorplace.com (investorplace.com)
- Should Value Investors Pick Molson Coors (TAP) Stock? – Nasdaq (nasdaq.com)
A number of research analysts have issued reports on the stock. Deutsche Bank began coverage on shares of Molson Coors Brewing in a research note on Wednesday, December 13th. They set a “buy” rating and a $89.00 price target on the stock. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Berenberg Bank reissued a “sell” rating and set a $76.00 price target on shares of Molson Coors Brewing in a report on Friday, November 3rd. Citigroup lowered their price target on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $116.00 price objective on shares of Molson Coors Brewing in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $96.94.
Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was up 204.3% compared to the same quarter last year. equities analysts forecast that Molson Coors Brewing will post 4.33 earnings per share for the current year.
In other Molson Coors Brewing news, CFO Tracey Joubert sold 1,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Peter H. Coors sold 55,603 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the sale, the chairman now owns 319,222 shares in the company, valued at $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is owned by insiders.
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About Molson Coors Brewing
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.
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