Brokerage firm Citigroup Maintains its rating on Molson Coors Brewing Company(NYSE:TAP). In a research note issued to the investors, the brokerage major Raises the price-target to $120.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Sep 19, 2016.
In a different note, On Aug 3, 2016, Stifel Nicolaus said it Maintains its rating on Molson Coors Brewing Company. In the research note, the firm Raises the price-target to $136.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, Citigroup said it Upgrades its rating on Molson Coors Brewing Company. In the research note, the firm Raises the price-target to $101.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 8, 2016, Bryan Garnier said it Upgrades its rating on Molson Coors Brewing Company. The shares have been rated ‘Buy’ by the firm.
Molson Coors Brewing Company (TAP) made into the market gainers list on Thursdays trading session with the shares advancing 1.55% or 1.63 points. Due to strong positive momentum, the stock ended at $106.78, which is also near the day’s high of $107.24. The stock began the session at $105.5 and the volume stood at 17,80,010 shares. The 52-week high of the shares is $107.55 and the 52 week low is $78.17. The company has a current market capitalization of $22,934 M and it has 21,47,75,740 shares in outstanding.
Molson Coors Brewing Company(TAP) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $986.20M. Analysts had an estimated revenue of $970.25M. Earnings per share were $1.11. Analysts had estimated an EPS of $1.13.
Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, Krishnan Anand (Pres & CEO Molson Coors Int’l) sold 13,000 shares at $107.00 per share price.Also, On Sep 8, 2016, Samuel D Walker (Chief People & Legal Officer) sold 5,033 shares at $105.06 per share price.On May 6, 2016, Brenda Davis (Chief Integration Officer) sold 3,000 shares at $98.03 per share price, according to the Form-4 filing with the securities and exchange commission.
Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands including Carling Coors Light Molson Canadian and Staropramen brands as well as craft and beers such as Blue Moon Creemore Springs Cobra and Sharp’s Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment) operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment) operating in the United States (U.S.); Molson Coors Europe (Europe segment) operating in Bosnia-Herzegovina Bulgaria Croatia Czech Republic Hungary Montenegro Republic of Ireland Romania Serbia Slovakia and the United Kingdom (U.K.) and Molson Coors International (MCI) operating in various other countries.