Recovery Expected for Molson Coors Stock

Molson Coors Molson Coors Beverage Co. (NYSE: TAP) is a holding company that primarily operates assets for beer production. It is the owner of popular brands like Molson, Coors, Miller, and Blue Moon. The company distributes in the United States, Canada, and internationally on every continent.

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Beer sales have remained relatively strong during the Coronavirus Pandemic, and Molson Coors has outperformed expectations. In its most recent quarter, the company reported earnings per share of $1.55, up from the $1.52 that was reported a year ago. Earnings beat the analyst consensus by more than 130%.

Revenue was down in the second quarter but was higher than expected. The company reported total revenue of $2.5 billion, compared to $2.95 billion a year ago.

The company expects sales to bounce back in 2021 as the economy recovers from the worst of the Coronavirus Pandemic. In addition, the company is currently executing a revitalization plan where it will significantly reduce costs. It has already completed some aspects of its restructuring by moving physical premises and simplifying its corporate structure.

Analysts predict a short-term target price of $43.99 on this stock, suggesting a significant upside for investors who buy at today’s price.

Key Data:

  • 1 Year Price Growth: -42.21%
  • YTD Price Growth: -37.70%
  • 3 Month Price Growth: -2.27%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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