Susquehanna Thinks Molson Coors’ Stock is Going to Recover

By Austin Angelo

Susquehanna analyst Pablo Zuanic reiterated a Buy rating on Molson Coors (NYSE: TAP) yesterday and set a price target of $114. The company’s shares closed yesterday at $93.03, close to its 52-week low of $89.27.

According to TipRanks.com, Zuanic is a 3-star analyst with an average return of 1.5% and a 47.3% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Mondelez International.

Molson Coors has an analyst consensus of Moderate Buy, with a price target consensus of $108.

Molson Coors’ market cap is currently $20.25B and has a P/E ratio of 9.98. The company has a book value ratio of 1.7269.

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Molson Coors Brewing Co. produces and sells beer. It brews, markets and sells a portfolio of brands such as Coors Light, Molson Canadian, Carling, Blue Moon and Keystone Light across the Americas, Europe and Asia. It operates through the following segments: the United States, Canada, Europe, and Molson Coors International (MCI). It operates in Canada through Molson Coors Canada, in the United States through MillerCoors LLC, in Europe through Molson Coors Europe and Molson Coors International operating in various other countries. It also markets and sells its brands, which include Coors, Coors 1873, Coors Extra, Coors Gold, Iceberg 9000, King Cobra, Royal Brew, and Zima. in various international markets. The company was founded in 1873 and is headquartered in Denver, CO.