Recent meaningful positive changes in investment behavior have benefitted Molson Coors Beverage Company (NYSE: TAP): the stock’s recent price rise disrupted its longer term downtrend.
Molson Coors Beverage Company (NYSE: TAP) has recently enjoyed important positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TAP is expected to continue to be an important Value Builder.
Molson Coors Beverage has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Molson Coors Beverage has a slightly positive Appreciation Score of 66 and a very high Power Rating of 90, triggering the Highest Value Trend Rating.
Recent Price Action
Molson Coors Beverage Company (NYSE: TAP) stock closed at $61.54 on 11/30/23 after a large increase of 2.4%. Moreover, trading volume in this advance was unusually high at 167% of normal. The stock has risen 3.2% during the last week and has been strong relative to the market over the last nine months.
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