Molson Coors Brewing (TAP) Earning Positive Press Coverage, Report Shows

News coverage about Molson Coors Brewing (NYSE:TAP) has trended positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Molson Coors Brewing earned a news sentiment score of 0.30 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.1072818095103 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of equities analysts have weighed in on the company. Susquehanna Bancshares set a $107.00 price objective on Molson Coors Brewing and gave the stock a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research raised Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Monday. BMO Capital Markets assumed coverage on Molson Coors Brewing in a research note on Monday, February 5th. They set an “outperform” rating and a $95.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and set a $112.00 price objective on shares of Molson Coors Brewing in a research note on Friday, February 2nd. Finally, Credit Suisse Group raised Molson Coors Brewing from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $94.00 to $96.00 in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $96.88.

Shares of Molson Coors Brewing (NYSE TAP) traded down $1.75 during trading on Tuesday, hitting $79.75. The stock had a trading volume of 1,690,000 shares, compared to its average volume of 1,560,000. Molson Coors Brewing has a twelve month low of $72.71 and a twelve month high of $102.14. The firm has a market cap of $18,400.00, a price-to-earnings ratio of 17.64, a PEG ratio of 1.83 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.47 and a debt-to-equity ratio of 0.79.

Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. Molson Coors Brewing had a return on equity of 7.55% and a net margin of 10.34%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. research analysts expect that Molson Coors Brewing will post 5.12 earnings per share for the current year.

In other news, CFO Tracey Joubert sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief financial officer now owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the completion of the transaction, the chairman now directly owns 319,222 shares in the company, valued at approximately $27,137,062.22. The disclosure for this sale can be found here. Corporate insiders own 2.76% of the company’s stock.

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About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Insider Buying and Selling by Quarter for Molson Coors Brewing (NYSE:TAP)

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