Molson Coors Beverage Company (NYSE: TAP) has reported E.P.S. of $0.96 for its third fiscal quarter (ending September 30) versus $1.99 for the same period a year ago — a decline of -52%. For the latest four quarters through September 30, E.P.S. were $4.46 compared to $1.18 a year ago — an increase of 278%.
Recent Price Action
Molson Coors Beverage Company (NYSE: TAP) stock closed at $56.73 on 11/7/24 after a modest gain of 0.4%. Moreover, unusually high trading volume at 160% of normal accompanied the advance. The stock has risen 2.3% 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 C (Neutral). 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 21, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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