Molson Coors (TAP, $54.76) gets "underperform" rating from Credit Suisse
Credit Suisse initiated coverage on Molson Coors Brewing with an "underperform" rating.
In a note to investors, Credit Suisse mentioned the brewing company’s significant challenges in its portfolio exposure, and said they apprehend “the time for bold decisions has passed" for Molson Coors. The investment bank also pointed out that a levered balance sheet might be hindering the ability for Molson to make “bold” decisions.
Credit Suisse also indicated that Molson Coors shares have fallen 40% since YE 2016 with fundamentals in nearly every region having worsened. The bank does not perceive any clear path toward stabilization for the brewing company.
A month ago, Molson Coors reported adjusted earnings of 52 cents per share, lower than analysts’ expectations of 57 cents per share (based on Zacks poll).
TAP sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for TAP moved above the 200-day moving average on November 25, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where TAP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
TAP moved above its 50-day moving average on November 04, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TAP advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TAP moved out of overbought territory on November 18, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on November 26, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TAP as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TAP turned negative on November 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TAP broke above its upper Bollinger Band on November 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. TAP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.085) is normal, around the industry mean (3.922). P/E Ratio (15.407) is within average values for comparable stocks, (28.956). TAP's Projected Growth (PEG Ratio) (3.379) is slightly higher than the industry average of (2.099). Dividend Yield (0.025) settles around the average of (0.024) among similar stocks. P/S Ratio (1.250) is also within normal values, averaging (6.048).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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a beer producer
Industry BeveragesAlcoholic