TD Cowen Cuts Molson Coors Beverage (NYSE:TAP) Price Target to $43.00

Molson Coors Beverage (NYSE:TAPGet Free Report) had its target price decreased by investment analysts at TD Cowen from $47.00 to $43.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential downside of 13.54% from the stock’s previous close.

TAP has been the topic of several other reports. UBS Group set a $52.00 price objective on shares of Molson Coors Beverage in a research report on Friday. Barclays reissued an “underweight” rating and set a $49.00 price target on shares of Molson Coors Beverage in a research report on Friday, January 16th. BNP Paribas Exane downgraded Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 target price on the stock. in a research note on Friday, January 16th. JPMorgan Chase & Co. started coverage on Molson Coors Beverage in a report on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 target price for the company. Finally, Jefferies Financial Group set a $45.00 price objective on Molson Coors Beverage in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.82.

Check Out Our Latest Report on TAP

Molson Coors Beverage Stock Up 2.9%

Shares of TAP stock traded up $1.38 during trading hours on Friday, hitting $49.73. 1,699,180 shares of the company’s stock traded hands, compared to its average volume of 3,157,734. The company has a quick ratio of 0.45, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $48.85 and its two-hundred day simple moving average is $47.87. Molson Coors Beverage has a 12-month low of $42.94 and a 12-month high of $64.66. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of -4.57 and a beta of 0.48.

Molson Coors Beverage (NYSE:TAPGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 8.67% and a negative net margin of 16.41%.The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company earned $1.30 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, analysts expect that Molson Coors Beverage will post 6.35 EPS for the current year.

Institutional Trading of Molson Coors Beverage

Several hedge funds have recently bought and sold shares of TAP. GoalVest Advisory LLC purchased a new position in shares of Molson Coors Beverage during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. boosted its position in shares of Molson Coors Beverage by 84.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after purchasing an additional 244 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Molson Coors Beverage in the third quarter worth $25,000. Clearstead Trust LLC raised its position in shares of Molson Coors Beverage by 952.8% during the 2nd quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock valued at $27,000 after purchasing an additional 505 shares during the period. Finally, Basepoint Wealth LLC purchased a new position in shares of Molson Coors Beverage during the 4th quarter valued at $26,000. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage News Summary

Here are the key news stories impacting Molson Coors Beverage this week:

About Molson Coors Beverage

(Get Free Report)

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada’s Molson and the United States’ Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.

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