Molson Coors Brewing Company (NYSE:TAP) had its price objective lowered by analysts at Citigroup Inc. from $106.00 to $102.00 in a research report issued on Friday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price target would suggest a potential upside of 27.88% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Berenberg Bank reaffirmed a “sell” rating and issued a $76.00 price objective on shares of Molson Coors Brewing in a research note on Friday. Susquehanna Bancshares Inc set a $108.00 price objective on shares of Molson Coors Brewing and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Credit Suisse Group set a $92.00 price objective on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research note on Friday, September 29th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Molson Coors Brewing in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned 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 $98.92.

Shares of Molson Coors Brewing (NYSE:TAP) traded up $0.68 on Friday, hitting $79.76. 1,290,328 shares of the stock traded hands, compared to its average volume of 1,604,274. The firm has a market cap of $17,173.53, a PE ratio of 18.90, a P/E/G ratio of 2.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.56. Molson Coors Brewing has a 12 month low of $78.10 and a 12 month high of $106.35.

Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.34. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business’s revenue was up 204.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. equities research analysts forecast that Molson Coors Brewing will post 4.33 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in TAP. Independent Franchise Partners LLP purchased a new position in shares of Molson Coors Brewing in the second quarter worth approximately $444,131,000. Maverick Capital Ltd. purchased a new position in shares of Molson Coors Brewing in the second quarter worth approximately $438,738,000. JPMorgan Chase & Co. increased its position in shares of Molson Coors Brewing by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 16,058,334 shares of the company’s stock worth $1,386,476,000 after acquiring an additional 4,001,480 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Molson Coors Brewing by 33.0% in the second quarter. Lazard Asset Management LLC now owns 10,538,919 shares of the company’s stock worth $909,928,000 after acquiring an additional 2,616,561 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Molson Coors Brewing by 353.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 2,627,608 shares of the company’s stock worth $226,868,000 after acquiring an additional 2,048,467 shares in the last quarter. 79.01% of the stock is currently owned by institutional investors and hedge funds.

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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