Monster Beverage Corporation (NASDAQ:MNST)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They currently have a $57.00 target price on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 9.55% from the stock’s previous close.

Several other equities research analysts have also commented on MNST. Goldman Sachs Group, Inc. (The) lowered shares of Monster Beverage Corporation from a “conviction-buy” rating to a “buy” rating and set a $54.00 price target on the stock. in a report on Monday, April 17th. Jefferies Group LLC raised their price target on shares of Monster Beverage Corporation from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monster Beverage Corporation in a research note on Thursday, April 27th. Susquehanna Bancshares Inc set a $41.00 price target on shares of Monster Beverage Corporation and gave the company a “hold” rating in a research note on Monday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Monster Beverage Corporation has an average rating of “Buy” and a consensus price target of $56.28.

Shares of Monster Beverage Corporation (NASDAQ:MNST) traded down 1.14% during mid-day trading on Wednesday, reaching $52.03. The company’s stock had a trading volume of 3,371,401 shares. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $54.24. The firm has a market cap of $29.54 billion, a PE ratio of 41.89 and a beta of 0.96. The firm’s 50 day moving average is $51.56 and its 200 day moving average is $47.49.

Monster Beverage Corporation (NASDAQ:MNST) last released its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. Monster Beverage Corporation had a net margin of 23.36% and a return on equity of 23.36%. The firm had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. During the same period in the previous year, the company earned $0.99 earnings per share. Monster Beverage Corporation’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Monster Beverage Corporation will post $1.49 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Monster Beverage Corporation (NASDAQ:MNST) Receives Buy Rating from Stifel Nicolaus” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.watchlistnews.com/monster-beverage-corporation-nasdaqmnst-receives-buy-rating-from-stifel-nicolaus/1466193.html.

Institutional investors have recently modified their holdings of the stock. Huntington National Bank boosted its position in shares of Monster Beverage Corporation by 42.2% in the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock valued at $106,000 after buying an additional 633 shares in the last quarter. Coconut Grove Bank boosted its position in shares of Monster Beverage Corporation by 128.0% in the first quarter. Coconut Grove Bank now owns 2,565 shares of the company’s stock valued at $118,000 after buying an additional 1,440 shares in the last quarter. Dynamic Advisors Solutions LLC acquired a new position in shares of Monster Beverage Corporation during the second quarter valued at approximately $202,000. Assetmark Inc. boosted its position in shares of Monster Beverage Corporation by 7.7% in the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock valued at $201,000 after buying an additional 311 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Monster Beverage Corporation by 59.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock valued at $213,000 after buying an additional 1,712 shares in the last quarter. 65.91% of the stock is owned by institutional investors.

Monster Beverage Corporation 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.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.