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In the latest session, Molson Coors Beverage Company (NYSE: TAP) closed at $60.38 down -0.69% from its previous closing price of $60.80. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1.57 million shares were traded. TAP stock price reached its highest trading level at $60.96 during the session, while it also had its lowest trading level at $59.62.
Ratios:
For a deeper understanding of Molson Coors Beverage Company’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.82. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on November 08, 2024, Upgraded its rating to Overweight and sets its target price to $74 from $52 previously.
On October 08, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $58 to $56.
TD Cowen Downgraded its Buy to Hold on August 07, 2024, whereas the target price for the stock was revised from $68 to $58.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 12 ’24 when Joubert Tracey sold 2,771 shares for $60.37 per share. The transaction valued at 167,285 led to the insider holds 60,538 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TAP now has a Market Capitalization of 12437012480 and an Enterprise Value of 18265972736. As of this moment, Molson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.62, and their Forward P/E ratio for the next fiscal year is 10.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 1.564 whereas that against EBITDA is 7.553.
Stock Price History:
Over the past 52 weeks, TAP has reached a high of $69.18, while it has fallen to a 52-week low of $49.19. The 50-Day Moving Average of the stock is 6.68%, while the 200-Day Moving Average is calculated to be 5.16%.
Shares Statistics:
For the past three months, TAP has traded an average of 1.84M shares per day and 2327600 over the past ten days. A total of 198.60M shares are outstanding, with a floating share count of 170.11M. Insiders hold about 17.43% of the company’s shares, while institutions hold 81.04% stake in the company. Shares short for TAP as of 1730332800 were 7244049 with a Short Ratio of 3.93, compared to 1727654400 on 7206578. Therefore, it implies a Short% of Shares Outstanding of 7244049 and a Short% of Float of 4.96.
Dividends & Splits
According to the company, the forward annual dividend rate for TAP is 1.73, from 1.73 in the trailing year. Against a Trailing Annual Dividend Yield of 0.028453948The stock’s 5-year Average Dividend Yield is 2.65.
