Media coverage about Molson Coors Brewing (NYSE:TAP) has trended somewhat negative recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Molson Coors Brewing earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.8097640659595 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- With more beer tasting rooms and brew pubs, neighborhood bars are hurting, MillerCoors reports (finance.yahoo.com)
- How Analysts Rate Constellation Brands after 3Q18 Results (finance.yahoo.com)
- Why Molson Coors Stock Lost 16% in 2017 (finance.yahoo.com)
- Molson Coors Brewing Company to Webcast 2017 Fourth Quarter and Full Year Earnings Conference Call – Business Wire (press release) (businesswire.com)
- Molson Coors Brewing Company: Molson Coors Brewing Company to Webcast 2017 Fourth Quarter and Full Year Earnings Conference Call (twst.com)
Several research firms have recently commented on TAP. Zacks Investment Research cut Molson Coors Brewing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Susquehanna Bancshares reiterated a “buy” rating on shares of Molson Coors Brewing in a report on Wednesday, October 11th. Morgan Stanley assumed coverage on Molson Coors Brewing in a report on Tuesday, January 9th. They set an “equal weight” rating and a $88.00 target price on the stock. Barclays assumed coverage on Molson Coors Brewing in a report on Wednesday, January 10th. They set an “overweight” rating and a $94.00 target price on the stock. Finally, Credit Suisse Group set a $92.00 target price on Molson Coors Brewing and gave the stock a “hold” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.94.
Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.97 billion. Molson Coors Brewing had a return on equity of 7.54% and a net margin of 17.04%. The firm’s revenue for the quarter was up 204.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. sell-side analysts predict that Molson Coors Brewing will post 4.33 EPS for the current year.
In related news, CFO Tracey Joubert sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 22,839 shares in the company, valued at $1,807,706.85. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.76% of the company’s stock.
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Molson Coors Brewing Company Profile
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.
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