Molson Coors Beverage (NYSE:TAP) Target Lowered by Deutsche Bank Aktiengesellschaft to $48.00

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Molson Coors Beverage stock has undergone multiple analysts rating changes in the recent past.  stock Target Lowered by Deutsche Bank Aktiengesellschaft on 10/18/2021. In a note to investors, the firm issued a new target price of $48.00. The analysts previously had $50.00 target price. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 5.22% from the stock’s previous close.

Shares of traded on Friday, reaching $44.51. 525 shares of the stock traded hands, compared to its average volume of 1586238. On Friday, Shares of closed at $44.51. The firm’s 50 day moving average is $47.33 and its 200 day moving average is $50.85.  has a 12 month low of $32.54 and a 12 month high of $61.48. While on yearly highs and lows, today has traded high as $45.10 and has touched $44.18 on the downward trend.

Earnings and What to expect: 

Molson Coors Beverage last announced its quarterly earnings data on July 28th, 2021. The reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.24. The firm earned $2.94 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Molson Coors Beverage has generated $3.92 earnings per share over the last year (($2.56) diluted earnings per share). Earnings for Molson Coors Beverage are expected to grow by 7.65% in the coming year, from $3.92 to $4.22 per share. Molson Coors Beverage has confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021. Molson Coors Beverage will be holding an earnings conference call on Thursday, October 28th at 11:00 AM Eastern. Interested parties can .

Earnings for Molson Coors Beverage are expected to grow by 7.65% in the coming year, from $3.92 to $4.22 per share. The P/E ratio of Molson Coors Beverage is -17.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Molson Coors Beverage is -17.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Molson Coors Beverage has a PEG Ratio of 1.96. PEG Ratios above 1 indicate that a company could be overvalued. Molson Coors Beverage has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

(NYSE:TAP) Moving Average Technical Analysis

5 day Moving Average is $$45.80 And 5 day price change is -$0.35 (-0.76%)  with average volume for 5 day average is 991,065. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $46.62 and 20 day price change is $0.40 (0.89%) and average 20 day moving volume is 1,460,406. 50 day moving average is $47.33  and 50 day price change is -$3.60 ( -7.33%)  and with average volume for 50 days is : 1,459,054. 200 day moving average is $50.85  and 200 day price change is $0.31 (0.69%)  and with average volume for 200 days is : 2,027,444.

Other owners latest trading in Molson Coors Beverage :

  • On 10/15/2021 shares held by Pacer Advisors Inc. were 38,558 which equates to market value of $1.79M and appx 0.00% owners of Molson Coors Beverage
  • On 10/15/2021 shares held by Fifth Third Bancorp were 5,499 which equates to market value of $0.26M and appx 0.00% owners of Molson Coors Beverage
  • On 10/15/2021 shares held by Arlington Partners LLC were 1,451 which equates to market value of $67K and appx 0.00% owners of Molson Coors Beverage
  • In total Institutional ownership equates to Institutional Ownership Percentage: 80.74% for Molson Coors Beverage

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