Stifel Nicolaus Reiterates Buy Rating for Molson Coors Brewing (NYSE:TAP)

Stifel Nicolaus reiterated their buy rating on shares of Molson Coors Brewing (NYSE:TAP) in a research note published on Friday, February 2nd. Stifel Nicolaus currently has a $112.00 price objective on the stock.

A number of other research firms have also recently weighed in on TAP. Zacks Investment Research cut Molson Coors Brewing from a strong-buy rating to a hold rating in a research note on Wednesday, January 10th. Susquehanna Bancshares restated a buy rating on shares of Molson Coors Brewing in a research note on Wednesday, October 11th. Morgan Stanley assumed coverage on Molson Coors Brewing in a research note on Tuesday, January 9th. They issued an equal weight rating and a $88.00 price target on the stock. Barclays assumed coverage on Molson Coors Brewing in a research note on Wednesday, January 10th. They issued an overweight rating and a $94.00 price target on the stock. Finally, Citigroup cut their price target on Molson Coors Brewing from $106.00 to $102.00 and set a buy rating on the stock in a research note on Friday, November 3rd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $96.68.

Molson Coors Brewing (NYSE TAP) traded down $0.30 during trading on Friday, reaching $74.21. The company’s stock had a trading volume of 2,405,113 shares, compared to its average volume of 1,305,603. Molson Coors Brewing has a one year low of $72.71 and a one year high of $102.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69. The firm has a market capitalization of $15,984.83, a PE ratio of 17.59, a PEG ratio of 1.99 and a beta of 0.79.

In other Molson Coors Brewing news, CFO Tracey Joubert sold 1,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the transaction, the chief financial officer now owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total value of $4,726,811.03. Following the transaction, the chairman now directly owns 319,222 shares in the company, valued at approximately $27,137,062.22. The disclosure for this sale can be found here. Company insiders own 2.76% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Asset Management Inc. grew its holdings in shares of Molson Coors Brewing by 8.1% during the second quarter. National Asset Management Inc. now owns 2,868 shares of the company’s stock worth $248,000 after buying an additional 215 shares during the last quarter. WFG Advisors LP grew its holdings in shares of Molson Coors Brewing by 14.0% during the second quarter. WFG Advisors LP now owns 3,938 shares of the company’s stock worth $340,000 after buying an additional 483 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Molson Coors Brewing by 22.4% during the second quarter. First Allied Advisory Services Inc. now owns 3,376 shares of the company’s stock worth $291,000 after buying an additional 617 shares during the last quarter. Hermes Investment Management Ltd. grew its holdings in shares of Molson Coors Brewing by 9.4% during the third quarter. Hermes Investment Management Ltd. now owns 7,738 shares of the company’s stock worth $632,000 after buying an additional 666 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Molson Coors Brewing by 58.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock worth $153,000 after buying an additional 686 shares during the last quarter. 77.77% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://stocknewstimes.com/2018/02/11/molson-coors-brewing-tap-stock-rating-reaffirmed-by-stifel-nicolaus.html.

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)

Receive News & Ratings for Molson Coors Brewing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply