TAP stock: buy or sell?
August 22nd, 2019
Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally.
Should I buy TAP stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Molson Coors Brewing stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Molson Coors Brewing stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 8 ratings published for TAP stock in the last 30 days. The general sentiment of these ratings is bearish for TAP stock, with 5 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-1||Bryan, Garnier & Co||Neutral||Sell|
|2019-8-1||BMO Capital Markets||n/a||n/a|
|2019-7-15||Bank of America||Buy||Underperform|
|2019-6-10||Credit Suisse Group||n/a||Underperform|
|2019-4-10||Jefferies Financial Group||n/a||Sell|
|2019-2-13||BMO Capital Markets||n/a||Outperform|
|2019-2-12||Jefferies Financial Group||n/a||Sell|
TAP stock analysis
Molson Coors Brewing stayed steady a tight -0.17% and closed at $51.69.
Shares of Molson Coors Brewing stayed constant a tight -0.17% and closed at $51.69. Since price and SMA200d lines crossed down on May, TAP fell $-12.02 per share (-18.87%).
Molson Coors Brewing ended this week at $51.69 and stayed stable a disappointing -0.37%. Late July TAP plummed a chilling -8.33% in just one week.
TAP stock price history
TAP stock historical price chart
TAP stock reached 52-week highs at $67.32, and all-time highs 2016-10-14 with a price of 105.56.
TAP stock price target is $59.60Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 5 price forecasts for TAP stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-1||Bryan, Garnier & Co||Reiterates||n/a||$51.00||-|
|2019-8-1||BMO Capital Markets||Raises Target||n/a||$65.00||-|
|2019-6-10||Credit Suisse Group||Initiates||n/a||$50.00||-|
|2019-2-13||BMO Capital Markets||Lowers Target||n/a||$80.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Molson Coors Brewing reported its latest financial data, posting a beatiful gain for the Earnings per Share (EPS). Analyst expected $0.78 per share, but Molson Coors Brewing posted $0.84.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Molson Coors Brewing annual turnover depreciated an ugly -2.12% to $10,769.60 million USD from $11,002.80 marked in 2017. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) decreased a -3.86% to 10.37%.
|2013||$4,210 M||-||$565 M13.4%||-|
|2014||$4,146 M||-1.51%||$514 M12.4%||-9.07%|
|2015||$3,568 M||-13.96%||$360 M10.1%||-30.06%|
|2016||$4,885 M||36.93%||$1,976 M40.4%||449.62%|
|2017||$11,003 M||125.24%||$1,566 M14.2%||-20.77%|
|2018||$10,770 M||-2.12%||$1,117 M10.4%||-28.69%|
Quarterly financial resultsMolson Coors Brewing posted $2,418.70 million in revenues for 2018-Q4, a -17.57% less compared to previous quarter. Reported quarter income marked $76.00 million with a profit margin of 3.14%. Profit margin fell a -8.39% compared to previous quarter when profit margin was 11.53%. When comparing revenues to same quarter last year, Molson Coors Brewing sales marked a rough drop down and dropped a -6.24%. Looking back to recent quarterly results, Molson Coors Brewing posted 2 positive quarters in a row.
|2017-Q2||$3,090 M||-||$322 M10.4%||-|
|2017-Q3||$2,883 M||-6.69%||$280 M9.7%||-12.96%|
|2017-Q4||$2,580 M||-10.53%||$589 M22.8%||110.29%|
|2018-Q1||$2,332 M||-9.62%||$278 M11.9%||-52.77%|
|2018-Q2||$3,085 M||32.33%||$424 M13.7%||52.50%|
|2018-Q3||$2,934 M||-4.89%||$338 M11.5%||-20.23%|
|2018-Q4||$2,419 M||-17.57%||$76 M3.1%||-77.53%|
|2019-Q1||$2,303 M||-4.77%||$151 M6.6%||99.21%|
Molson Coors Brewing ownershipWhen you are planning to buy a company, it's always worth to overview its ownership structure.
Molson Coors Brewing shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 11.69% of all shares.
Bearish positions for TAP stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Molson Coors Brewing:
|Market cap||$10.1 B||$252.3 M||$187.3 B||$4.3 B||$3.8 B|
|Total shares||196.2 M||19.5 M||1,960.0 M||184.8 M||8.8 M|
|Float shares||175.6 M||12.7 M||931.3 M||73.9 M||8.3 M|
|- Institutional holdings (%)||86.4%||37.8%||4.6%||18.7%||99.4%|
|- Insider holdings (%)||11.7%||41.9%||0.0%||0.0%||4.7%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$51.48 - $52.30|
|Average true range||$1.11|
|50d mov avg||$54.21|
|100d mov avg||$56.50|
|200d mov avg||$58.81|
Molson Coors Brewing performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Molson Coors Brewing, the benchmark is made against Craft Brew Alliance, Anheuser-Busch Inbev, Compania Cervecerias Unidas and Boston Beer.
|TAPMolson Coors Brew...||-11.31%||-15.35%||-21.98%|
|BREWCraft Brew Allian...||-15.13%||-23.63%||-33.37%|
Molson Coors Brewing competitorsOne check before investing in any stock is to have a look a list of its competitors, in this case for Molson Coors Brewing. We selected 4 companies as Molson Coors Brewing competitors as they are in the same industry or have similar market objectives.
- Craft Brew Alliance (BREW)
- Anheuser-Busch Inbev (BUD)
- Compania Cervecerias Unidas (CCU)
- Boston Beer (SAM)
Latest TAP stock news
- InvestorPlace3 Big Stock Charts for Wednesday: A.O. Smith, Home Depot and Molson Coors BrewingJanuary 30, 2019
- InvestorPlaceMolson Coors Brewing: TAP Stock Surges on Better-Than-Expected Q3October 31, 2018
- Seeking AlphaMolson Coors Brewing Is A BuyOctober 5, 2018
- InvestorPlaceIs Molson Coors Brewing Co Stock Set to Rebound 20%?June 12, 2018