|Bid||49.25 x 1100|
|Ask||50.34 x 900|
|Day's Range||49.79 - 50.56|
|52 Week Range||32.11 - 61.48|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 28, 2021 - Aug 02, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 06, 2020|
|1y Target Est||57.56|
Consumer demand for seltzer has fallen off the table, and these brewers have invested a lot in the space.
Revitalization plan, premiumization, beyond beer expansion and omni-channel investment are likely to have aided Molson Coors (TAP) in Q2. Higher marketing spends and COGS are likely to have hurt.
The heavy selling pressure might have exhausted for Molson Coors (TAP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.