Analyst Revises Molson Coors Brewing Company (NYSE:TAP) Stock Target


Molson Coors Brewing Company (NYSE:TAP) mean price target has been set at $111.250 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.120 in the near-term quarter and $3.250 for the ongoing fiscal. The market cap of Molson Coors Brewing Company Cl was recorded at $19.75B after the stock closed at $91.995 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Molson Coors Brewing Company (NYSE:TAP) has a P/E ratio of 40.015. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Molson Coors Brewing Company (NYSE:TAP) PEG ratio sits at 9.430. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Molson Coors Brewing Company Cl visibly illustrates that the 50-day MA of Molson Coors Brewing Company Cl is $100.522, and stock is trading -8.527 or -8.483% distant from $100.522. The 200-day MA is $94.785, and this price is $-2.790 or -2.943% off from current level. Molson Coors Brewing Company (NYSE:TAP) 52-week high is $104.150 and the 52-week low is $63.910. This represents that if the stock moves $-12.155 points up on the chart to make a 52-week high. But, if it declines $+43.945%, then the shares price can hit a new 52-week low.

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