FINWIRES · TerminalLIVE
FINWIRES

$TAP

6 stories mentioning TAPUpdated 33d ago

Every FINWIRES story that references TAP, newest first.

Wire

Molson Coors Unit Launches Private Offering of Canadian Dollar Notes

Molson Coors Beverage's (TAP) international unit launched a private offering of Canadian dollar-denominated senior notes to be sold only to Canadian investors.Net proceeds will be used for general corporate purposes, including repaying 500 million Canadian dollars ($363.6 million) of 3.44% senior notes due 2026, the company said Wednesday in a statement.The offering is expected to close around May 27.Price: $42.89, Change: $+0.94, Percent Change: +2.24%

$TAP
Wire

Morgan Stanley Adjusts Molson Coors Beverage Price Target to $46 From $52, Maintains Equal Weight Rating

Molson Coors Beverage (TAP) has an average rating of Hold and mean price target of $46.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $41.31, Change: $-0.83, Percent Change: -1.97%

$TAP
Research

Research Alert: CFRA Maintains Sell Opinion On Shares Of Molson Coors Beverage Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $5 to $35, based on a 2027 P/E of 7.0x, a justified discount to TAP's five-year average forward P/E of 11.4x. We raise our adjusted EPS estimates by $0.20 to $4.90 for '26 and by $0.10 to $5.10 for '27. Following TAP's Q1 earnings release, we are lowering our price target and maintaining a Sell opinion on the shares. TAP posted Q1 adjusted EPS of $0.62 vs. $0.50 (+24%), well ahead of the $0.36 consensus. The beat was due to stronger-than-expected sales and margins, as net sales rose 2.0% to $2.35B ($25 above consensus) on a 2.9% drop in financial volume and gross margin expanded 130 bps to 38.2% (350 bps ahead of consensus). While TAP's Q1 earnings were well ahead of expectations, the fact that it didn't increase full-year guidance raises concerns that the balance of the year will be weaker than previously anticipated, with positive foreign exchange impacts likely to be less favorable than in Q1. We struggle to identify a catalyst and see the demand environment remaining challenging.

$TAP
Wire

Goldman Sachs Adjusts Price Target on Molson Coors Beverage to $50 From $48

Molson Coors Beverage (TAP) has an average rating of hold and mean price target of $46.15, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $42.37, Change: $-0.38, Percent Change: -0.88%

$TAP
Research

Research Alert: Tap: Q1 Earnings Well Ahead Of Expectations; 2026 Guidance Unchanged

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Molson Coors (TAP) posted Q1 adjusted EPS of $0.62 vs. $0.50 (+24%), well ahead of the $0.36 consensus. The beat was due to stronger-than-expected sales and margins, as net sales rose 2.0% to $2.35B ($25M above consensus) on a 2.9% drop in financial volume, partially offset by positive impacts from price/sales mix (+3.0%) and currency (+1.9%). Gross margin expanded 130 bps to 38.2% (350 bps ahead of consensus). The decline in financial volume reflected ongoing industry challenges, with U.S. brand volumes falling 3.5% due to lower share performance in core and value segments, while Canada experienced a 4.0% decline led by broader industry weakness. TAP maintained guidance for a full-year underlying EPS decline of 11%-15%, implying EPS of approximately $4.61-$4.82, versus the current consensus of $4.71 and the $5.42 earned in 2025. TAP shares are currently trading 5% higher in pre-market trading following the release. TAP's margin performance was notably strong, with COGS remaining flat despite lower volumes.

$TAP
Wire

Evercore ISI Adjusts Molson Coors Beverage Price Target to $47 From $50, Maintains Outperform Rating

Molson Coors Beverage (TAP) has an average rating of Hold and mean price target of $46.55, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $44.01, Change: $-0.28, Percent Change: -0.64%

$TAP

Track with the FINWIRES app suite

FolioX
FolioX
Track TAP in your portfolio
WheelAI
WheelAI
Analyze TAP options with the wheel strategy
StockInsider
StockInsider
See market sentiment on TAP