Molson Coors Brewing Reaches New 52-Week High (TAP)

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 Wednesday as it is currently trading at $48.96, above its previous 52-week high of $48.92 with 337,483 shares traded as of 11:30 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Molson Coors Brewing has a market cap of $7.53 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 11.8% year to date as of the close of trading on Tuesday.

Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company has a P/E ratio of 19.8, above 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, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. 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.

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