Citi Remains a Hold on Molson Coors (TAP)

In a report released yesterday, Filippo Falorni from Citi maintained a Hold rating on Molson Coors, with a price target of $47.00. The company’s shares closed yesterday at $44.31.

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According to TipRanks, Falorni is an analyst with an average return of -0.9% and a 53.94% success rate. Falorni covers the Consumer Defensive sector, focusing on stocks such as e.l.f. Beauty, Clorox, and The Estée Lauder Companies.

Molson Coors has an analyst consensus of Hold, with a price target consensus of $47.76, implying a 7.79% upside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $43.00 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 59 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.