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Goldman Sachs Reaffirms Their Buy Rating on Molson Coors (TAP)

Tipranks - Thu Jun 4, 11:56AM CDT

Goldman Sachs analyst Bonnie Herzog maintained a Buy rating on Molson Coors today and set a price target of $50.00.

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Herzog covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Constellation Brands, and Boston Beer. According to TipRanks, Herzog has an average return of 5.3% and a 55.02% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Molson Coors with a $46.81 average price target.

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 60 insiders, corporate insider sentiment is neutral on the stock. Last month, Geoffrey Molson, a Director at TAP sold 1,245.00 shares for a total of $52,912.50.

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