Goldman Sachs Remains a Buy on Molson Coors (TAP)
Goldman Sachs analyst Bonnie Herzog maintained a Buy rating on Molson Coors today and set a price target of $48.00.
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Herzog covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Primo Brands, and Monster Beverage. According to TipRanks, Herzog has an average return of 5.2% and a 55.75% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Molson Coors with a $47.18 average price target.
Based on Molson Coors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.66 billion and a net profit of $238.3 million. In comparison, last year the company earned a revenue of $2.74 billion and had a net profit of $287.8 million
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TAP in relation to earlier this year.
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