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Last Price: 62.49 - Change: -0.17 - Change %: -0.2713
02/23/2024 16:10:00 EST

Molson Coors Brewing Co Class B (TAP)

Industry: Beverages - Brewers

Price Support Resistance

In the past 20 trading days, TAP has been trading in a range between $63.39 and $59.73 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

TAP is trading between resistance at $63.59 about 2% to the upside and support at $62.41 -0% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $70.67, about a 13% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Molson Coors Brewing Co Class B (TAP) entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $67.6, a potential upside of 8.18% from the recent price of 62.49. Our AI powered stock target predictor currently has a target price of $51.81 a potential move of -17%. The stock is trading 11.95% (potential upside) below its 52 week high of $69.96 and 29.27 % (potential downside) above its 52 week low of $48.34 - based on the recent price.

Company Summary

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Five Trail, Hop Valley brands, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.

TAP Website

News

5 Consumer Staple Stocks to Buy Amid Ongoing Market Volatility
Consumer staple stocks like Colgate-Palmolive Company (CL), Church & Dwight Co., Inc. (CHD), Inter Parfums, Inc. (IPAR), Lamb Weston Holdings, Inc. (LW) and Molson Coors Beverage Company (TAP) are a safe bet amid the ongoing market volatility.
Source: Zacks Investment Research
Fri, 23 Feb 2024 10:36:12 -0500
Sentiment: Positive
Bull Of The Day: Molson Coors (TAP)
This brewer gained a lot of market shares last year and now they are stepping up their ad spend to increase their customer base.
Source: Zacks Investment Research
Wed, 21 Feb 2024 09:11:07 -0500
Sentiment: Positive
Top 5 Consumer Staples Stocks for a Stable Portfolio in 2024
We have narrowed our search to five consumer staples stocks with strong growth potential for 2024. These are: TSN, TAP, CHD, CL, LW.
Source: Zacks Investment Research
Wed, 21 Feb 2024 09:05:38 -0500
Sentiment: Positive
New Strong Buy Stocks for February 20th
APP, CSL, TAP, TW and MSA have been added to the Zacks Rank #1 (Strong Buy) List on February 20, 2024.
Source: Zacks Investment Research
Tue, 20 Feb 2024 08:05:23 -0500
Sentiment: Positive
Teamsters target Bud Light parent Anheuser-Busch, Molson Coors
The Teamsters union is striking at Molson Coors' Texas brewery and threatening to strike at all 12 U.S. Anheuser-Busch breweries as it remains locked in contract negotiations.
Source: Fox Business
Mon, 19 Feb 2024 17:30:59 -0500
Sentiment: Negative
Instituions Institution %: 88.887
Last QTR Institution change: 2903919

Insiders
Insiders %: 11.457
Insiders Purchases last QTR: 100
Insiders Sales last QTR: 4611
Insiders Net last QTR: -4511

Analyst Ratings
Target Price: 67.6
Overall Rating: 3.1905
Strong Buys (5): 2
Buys (4): 2
Holds (3): 16
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 69.9587
52 Week Low: 48.3425
Beta: 0.841
50 Day MA: 62.1376
200 Day MA: 62.8538

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 1
Qtr Revenue Growth YOY: 0.061
Forward PE: 11.0497
Trailing PE: 14.2998

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