Stock Rating Upgrade
The Value Trend Rating for Molson Coors Beverage Company (NYSE: TAP) improved of late 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
Molson Coors Beverage Company (NYSE: TAP) stock increased 1.2% on 9/13/24. The shares closed at $54.94. However, trading volume in this advance was unusually low at 57% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.6% 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 (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 poor Power Rating of 19, and the Neutral Value Trend Rating results.
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