Molson Coors (TAP) Gets a Buy from Evercore ISI
Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Molson Coors today and set a price target of $47.00.
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Ottenstein covers the Consumer Defensive sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Constellation Brands, and Molson Coors. According to TipRanks, Ottenstein has an average return of 3.1% and a 52.23% success rate on recommended stocks.
In addition to Evercore ISI, Molson Coors also received a Buy from Goldman Sachs’s Bonnie Herzog in a report issued yesterday. However, on May 5, Morgan Stanley assigned a Hold rating to Molson Coors (NYSE: TAP).
Based on Molson Coors’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.35 billion and a net profit of $151.3 million. In comparison, last year the company earned a revenue of $2.3 billion and had a net profit of $121 million
Based on the recent corporate insider activity of 72 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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- Bonnie Herzog Maintains Buy on Molson Coors, Lifts Price Target to $50 on Achievable Guidance and Long-Term Tailwinds
- Molson Coors Shareholders Reelect Board, Ensuring Governance Continuity
- Molson Coors price target lowered to $46 from $52 at Morgan Stanley
- Molson Coors price target lowered to $41 from $43 at Barclays
- Molson Coors price target raised to $42 from $41 at Deutsche Bank
