Molson Coors Brewing Company (TAP) is Resumed by Goldman to Buy, Price Target at $130

Molson Coors Brewing Company (TAP) was Resumed by Goldman to “Buy” and the brokerage firm has set the Price Target at $130. Goldman advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on Molson Coors Brewing Company. Company shares were Reiterated by Susquehanna on Sep 21, 2016 to “Positive”, Firm has raised the Price Target to $ 159 from a previous price target of $129 .Molson Coors Brewing Company was Upgraded by Citigroup to ” Buy” on Jul 29, 2016.

On the company’s financial health, Molson Coors Brewing Company reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.09. The company had revenue of $986.20 million for the quarter, compared to analysts expectations of $958.67 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Molson Coors Brewing Company closed down -0.08 points or -0.07% at $107.65 with 12,07,615 shares getting traded on Friday. Post opening the session at $108, the shares hit an intraday low of $106.45 and an intraday high of $108.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 30, 2016, Krishnan Anand (Pres & CEO Molson Coors Int’l) sold 13,000 shares at $110.64 per share price. According to the SEC, on Sep 8, 2016, Samuel D Walker (Chief People & Legal Officer) sold 5,033 shares at $105.06 per share price. On May 6, 2016, Brenda Davis (Chief Integration Officer) sold 3,000 shares at $98.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands including Carling Coors Light Molson Canadian and Staropramen brands as well as craft and beers such as Blue Moon Creemore Springs Cobra and Sharp’s Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment) operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment) operating in the United States (U.S.); Molson Coors Europe (Europe segment) operating in Bosnia-Herzegovina Bulgaria Croatia Czech Republic Hungary Montenegro Republic of Ireland Romania Serbia Slovakia and the United Kingdom (U.K.) and Molson Coors International (MCI) operating in various other countries.

Molson Coors Brewing Company

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