Monster Beverage Corporation (MNST) Receives $59.35 Consensus Price Target from Analysts
Shares of Monster Beverage Corporation (NASDAQ:MNST) have been given an average recommendation of “Buy” by the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $59.35.
Several research firms have weighed in on MNST. Stifel Nicolaus reiterated a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage in a research note on Saturday, September 23rd. Credit Suisse Group lowered shares of Monster Beverage to a “hold” rating in a research note on Friday, September 8th. Jefferies Group reiterated a “buy” rating and issued a $64.00 price objective on shares of Monster Beverage in a research note on Thursday, November 9th. Cowen reiterated an “outperform” rating and issued a $67.00 price objective (up previously from $58.00) on shares of Monster Beverage in a research note on Thursday, November 9th. Finally, Citigroup lowered shares of Monster Beverage to a “neutral” rating and dropped their price objective for the company from $56.00 to $51.00 in a research note on Monday, November 20th. They noted that the move was a valuation call.
Monster Beverage (MNST) traded up $0.92 during mid-day trading on Thursday, hitting $63.22. Monster Beverage has a 12 month low of $41.02 and a 12 month high of $63.54. The stock has a market cap of $35,650.00, a PE ratio of 43.01, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94.
Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. equities research analysts anticipate that Monster Beverage will post 1.48 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Liberty Capital Management Inc. boosted its holdings in shares of Monster Beverage by 2,028.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after buying an additional 2,028 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Monster Beverage by 11.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after buying an additional 232 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Monster Beverage by 397.6% during the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after buying an additional 2,143 shares during the period. Sun Life Financial INC boosted its holdings in shares of Monster Beverage by 29,250.0% during the 2nd quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after buying an additional 2,925 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Monster Beverage during the 3rd quarter worth $169,000. Institutional investors own 65.88% of the company’s stock.
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Monster Beverage Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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