How Analysts Feel About Molson Coors Brewing Company (TAP) After Reaching 52 Week Low?

April 22, 2018 - By Winifred Garcia

Molson Coors Brewing Company (NYSE:TAP) Logo

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.07, from 1.18 in 2017Q3. It dived, as 62 investors sold Molson Coors Brewing Company shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported.
Cornerstone Cap Mgmt Ltd Llc holds 34,740 shares. Tiaa Cref Investment Mngmt Ltd Company reported 1.84 million shares. Fort Point Capital Ptnrs Limited Liability Corporation stated it has 325,006 shares or 0.15% of all its holdings. 54,930 are held by Proshare. Moreover, Jnba has 0% invested in Molson Coors Brewing Company (NYSE:TAP). Stevens Capital Mgmt Ltd Partnership reported 0.54% stake. Smithfield Commerce owns 1,760 shares. Pnc Financial Grp stated it has 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Fmr Ltd holds 10.02M shares or 0.1% of its portfolio. 29,119 were reported by Victory Capital. Northwestern Mutual Wealth holds 0% in Molson Coors Brewing Company (NYSE:TAP) or 3,322 shares. Bbva Compass National Bank & Trust Inc has invested 0.12% in Molson Coors Brewing Company (NYSE:TAP). 403 are held by Sun Life Fincl. Balyasny Asset Management Ltd Limited Liability Company owns 7,324 shares. Charter Trust Com invested in 4,666 shares.

Since January 16, 2018, it had 0 insider purchases, and 2 sales for $4.74 million activity. Shares for $4.73M were sold by COORS PETER H on Tuesday, January 16.

The stock of Molson Coors Brewing Company (NYSE:TAP) hit a new 52-week low and has $64.05 target or 9.00 % below today’s $70.38 share price. The 5 months bearish chart indicates high risk for the $15.19B company. The 1-year low was reported on Apr, 22 by Barchart.com. If the $64.05 price target is reached, the company will be worth $1.37 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.67% or $2.68 during the last trading session, reaching $70.38. About 4.50 million shares traded or 140.60% up from the average. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since April 22, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on May, 2 before the open. They expect $0.83 EPS, up 9.21 % or $0.07 from last year’s $0.76 per share. TAP’s profit will be $179.10M for 21.20 P/E if the $0.83 EPS becomes a reality. After $0.62 actual EPS reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 33.87 % EPS growth.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 11 analysts covering Molson Coors (NYSE:TAP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Molson Coors had 18 analyst reports since October 23, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Wednesday, April 18 with “Buy”. The stock of Molson Coors Brewing Company (NYSE:TAP) earned “Buy” rating by Susquehanna on Monday, February 12. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, December 22. Citigroup maintained Molson Coors Brewing Company (NYSE:TAP) on Thursday, April 5 with “Buy” rating. The firm has “Buy” rating by BMO Capital Markets given on Monday, February 5. The firm has “Buy” rating given on Friday, November 3 by Citigroup. Goldman Sachs downgraded the stock to “Hold” rating in Tuesday, April 17 report. The firm has “Outperform” rating by Credit Suisse given on Thursday, February 15. Cowen & Co maintained Molson Coors Brewing Company (NYSE:TAP) rating on Friday, October 27. Cowen & Co has “Hold” rating and $96.0 target. As per Thursday, February 1, the company rating was maintained by Stifel Nicolaus.

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $15.19 billion. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands. It has a 10.78 P/E ratio. The firm also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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