Molson Coors Brewing Company (TAP) EPS Estimated At $0.80

Marco Green
February 15, 2019

They issued a "buy" rating and a $80.00 target price for the company. Needham was of a view that LC is Buy in its latest report on December 8th, 2017 while giving it a price target of $6. Maxim Group thinks that LC is worth Buy rating. This was contained in the firm's report on November 7th, 2017 in which the stock's price target was also moved to $8. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. The company now has a consensus rating of "Hold" and a consensus target price of $75.27. The stock recorded a 52-week high of $82.29 almost 361 days ago on 2018-02-16. The company's beta value stood at 0.8.

The shares fell as low as US$60.80 in light premarket trading. Last quarter $1.84 EPS was reported. LC had ended its last session trading at 3.38. Investors often pay added attention to a stock when it is nearing a historical high point or low point. Frederic Landtmeters, CEO of Molson Coors Canada, said "we're on track to be ready on day one", but the company wouldn't disclose how much it has invested in the joint venture. The company runs an ROE of roughly 61.1%, with financial analysts predicting that their earnings per share growth will be around 11.44% per annum for the next five year. In the second quarter past year, the firm recorded $0.03 earnings per share.

Sysco Corporation (SYY) trade volume has decreased by -22.69% as around 2,883,845 shares were sold when compared with its 50-day average volume of traded shares which is 3,730,024. Moreover, Round Table Service Limited Liability Com has 0.09% invested in Molson Coors Brewing Company (NYSE:TAP) for 4,213 shs.

Holzer & Holzer, LLC is investigating whether certain statements made by Molson Coors Brewing Company ("Molson Coors" or the "Company") (NYSE: TAP) complied with federal securities laws. This target means that the stock has an upside potential to increase by 5.7% from the current trading price. Even though the stock has been trading at $64.94/share, analysts expect it to surge higher by 0.65% to reach $71.53/share. The stock price is showing 5.09% distance above 50 SMA. Molson Coors Brewing Co has a 52-week low of $54.17 and a 52-week high of $82.29. The company's P/E ratio now sits at 11.64, while the P/B ratio is 1.02. Following the completion of the sale, the insider now owns 49,946 shares of the company's stock, valued at $3,234,003.50. With 79,600 avg volume, 0 days are for INSPRO TECHNOLOGIES CORPORATION (OTCMKTS:ITCC)'s short sellers to cover ITCC's short positions. The company has market cap of $2.29 million. Investors might also turn to adding foreign stocks to the portfolio. Funds hold 154.13 million shares thus 9.03% more from 2018Q2's 141.37 million shares. Augustine Asset, Florida-based fund reported 5,636 shs.

Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is now 63.77 on shares of Molson Coors Brewing Company (NYSE:TAP).

Analysts are expecting average earnings estimates of $0.79 for the current quarter based on the opinion of 14 analysts, relating to high earnings per share estimates of $0.89 and low estimates of $0.65, however Molson Coors Brewing Company (NYSE:TAP) reported $0.62 earnings per share for the same quarter past year. The Illinois-based fund Fairpointe Capital Llc looks positive on Molson Coors Brewing Co, having 1.47 million shares.

Molson Coors Brewing Company (NYSE:TAP) has been utilizing an ROE that is roughly 12.2%, with stock analysts predicting that the company's EPS for the next five years will go up by 5.61% per year, following the 13.2% raise that was witnessed during the past five years.

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