Berenberg Bank reaffirmed their sell rating on shares of Molson Coors Brewing Company (NYSE:TAP) in a report issued on Friday. The brokerage currently has a $76.00 price target on the stock.

TAP has been the subject of a number of other research reports. Susquehanna Bancshares Inc reaffirmed a buy rating on shares of Molson Coors Brewing in a report on Wednesday, October 11th. BidaskClub raised shares of Molson Coors Brewing from a sell rating to a hold rating in a report on Saturday, August 26th. Zacks Investment Research downgraded shares of Molson Coors Brewing from a hold rating to a sell rating in a report on Tuesday, October 10th. Credit Suisse Group set a $92.00 price target on shares of Molson Coors Brewing and gave the stock a hold rating in a report on Friday, September 29th. Finally, Cowen and Company reiterated a hold rating and set a $96.00 price objective on shares of Molson Coors Brewing in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Molson Coors Brewing currently has a consensus rating of Hold and a consensus target price of $98.92.

Shares of Molson Coors Brewing (NYSE:TAP) opened at $79.76 on Friday. Molson Coors Brewing has a twelve month low of $78.10 and a twelve month high of $106.35. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. The firm has a market cap of $17,173.53, a P/E ratio of 18.90, a PEG ratio of 2.34 and a beta of 0.86.

Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 204.3% on a year-over-year basis. research analysts forecast that Molson Coors Brewing will post 4.33 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in Molson Coors Brewing by 12.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after acquiring an additional 140 shares during the period. Dupont Capital Management Corp acquired a new position in Molson Coors Brewing in the 3rd quarter valued at approximately $103,000. Krilogy Financial LLC increased its position in Molson Coors Brewing by 4,646.4% in the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after acquiring an additional 1,301 shares during the period. Sun Life Financial INC increased its position in Molson Coors Brewing by 14,900.0% in the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after acquiring an additional 1,341 shares during the period. Finally, Penserra Capital Management LLC increased its position in Molson Coors Brewing by 30.4% in the 2nd quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock valued at $134,000 after acquiring an additional 364 shares during the period. Hedge funds and other institutional investors own 79.06% of the company’s stock.

Molson Coors Brewing Company Profile

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.

Analyst Recommendations for Molson Coors Brewing  (NYSE:TAP)

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