Stock Rating Upgrade
The Value Trend Rating for Molson Coors Beverage Company (NYSE: TAP) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/16/24, Molson Coors Beverage Company (NYSE: TAP) stock rose slightly by 0.1%, closing at $53.63. However, trading volume in this advance was unusually low at 50% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.5% during the last week.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. 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 79 but a very low Power Rating of 6, leading to the Low Neutral Value Trend Rating.
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