Molson Coors Brewing Stock Hits New 52-Week High (TAP)
Molson Coors Brewing Company (NYSE:TAP) hit a new 52-week high Thursday as it is currently trading at $46, above its previous 52-week high of $45.99 with 1.2 million shares traded as of 4:03 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Molson Coors Brewing Company (NYSE: TAP) hit a new 52-week high Thursday as it is currently trading at $46, above its previous 52-week high of $45.99 with 1.2 million shares traded as of 4:03 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Molson Coors Brewing has a market cap of $7.08 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 4.2% year to date as of the close of trading on Wednesday. Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company has a P/E ratio of 15.1, above the average food & beverage industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Molson Coors Brewing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Molson Coors Brewing Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.