Stock Rating Downgrade
The Value Trend Rating for Molson Coors Beverage Company (NYSE: TAP) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Molson Coors Beverage Company (NYSE: TAP) stock closed at $52.98 on 8/9/24 after a slight gain of 0.2%. However, unusually low trading volume at 64% of normal accompanied the advance. The stock is unchanged during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above 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 D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Molson Coors Beverage has a good Appreciation Score of 78 but a very low Power Rating of 6, producing the Negative Value Trend Rating.
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