Molson Coors (TAP – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst yesterday. Analyst Christopher Carey from Wells Fargo maintained a Buy rating on the stock and has a $74.00 price target.
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Christopher Carey has given his Buy rating due to a combination of factors including Molson Coors’s better-than-expected performance in Q4 2024 and its attractive valuation. The company has shown broad-based improvements across financial volume, pricing, and brand volumes, leading to beats in gross margin, underlying EBITDA, and EPS.
Furthermore, the stock’s current trading at approximately 8x EPS with a 12% free cash flow yield is appealing, especially given the sequential progress observed in the business. With the 2025 guidance set above market expectations and the stock trading below its historical range, the valuation presents an intriguing opportunity. Despite some challenges like weather impacts in January, the overall outlook remains strong, making TAP one of the most compelling options within the coverage for 2025.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $64.00 price target.
TAP’s price has also changed moderately for the past six months – from $52.990 to $58.540, which is a 10.47% increase.