Molson Coors Beverage Company (TAP) is a $9.3 billion beer manufacturer known for brands like Coors Light and Miller Lite. However, TAP stock has underperformed the market, with a 22.1% decline in the past year. Despite a recent earnings miss, analysts expect EPS to decline by 9.6% for the current fiscal year.

Analysts covering TAP stock have a consensus “Hold” rating, with five “Strong Buy” ratings and two “Strong Sells.” Recently, Goldman Sachs analyst Bonnie Herzog maintained a “Buy” rating with a price target of $54, representing a potential upside of 14.5%. The mean price target is $50.63, with a Street-high target of $72.

TAP shares closed up over 1% after reporting Q3 results, with an adjusted EPS of $1.67 missing expectations. Revenue also fell short at $2.97 billion. While TAP has lagged behind the market and ETFs in recent times, analysts have mixed expectations for its future performance.

Read more at Yahoo Finance: Molson Coors Stock: Analyst Estimates & Ratings