MKM Partners analyst William Kirk maintained a Buy rating on Molson Coors (NYSE:TAP) on Friday, setting a price target of $64, which is approximately 37.58% above the present share price of $46.52.
Kirk expects Molson Coors to post earnings per share (EPS) of $2.09 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Hold rating of shares in Molson Coors, with an average price target of $51.82.
The analysts price targets range from a high of $68 to a low of $41.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.82 billion and a net profit of $528.8 million. The company's market cap is $10.09 billion.
According to TipRanks.com, MKM Partners analyst William Kirk is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.7% and a 43.62% success rate.
Molson Coors Beverage Co. is a holding company, which engages in the provision of beer. It operates through the following segments: United States, Canada, Europe, International, and Corporate. The United States segment consists of production, marketing and sales of its brands, and other owned and licensed brands in the United States. The Canada segment includes production, marketing and sales of its brands, and other owned and licensed brands in Canada. The Europe segment comprises of production, marketing and sales of its brands as well as a number of regional brands in the United Kingdom, Republic of Ireland, and Central Europe. The International segment focuses its operations on Latin America, Europe, Asia Pacific, and Africa. The Corporate segment represents interest and certain other general and administrative costs that are not allocated to any of the operating segments. It operates under the brands Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, taropramen, Carling, Molson Canadian, Creemore Springs, Cobra, Doom Bar, Henry's Hard and Leinenkugel's. The company was founded in 1786 and is headquartered in Denver, CO.