Monster Beverage Corp. PT Raised to $75.00 at UBS AG (MNST)
Equities researchers at UBS AG boosted their price objective on shares of Monster Beverage Corp. (NASDAQ:MNST) to $75.00 in a research report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. UBS AG’s price objective points to a potential upside of 12.85% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Monster Beverage Corp. (NASDAQ:MNST) traded up 2.75% on Tuesday, hitting $68.29. The stock had a trading volume of 831,076 shares. Monster Beverage Corp. has a one year low of $45.38 and a one year high of $68.33. The stock has a 50-day moving average of $62.77 and a 200-day moving average of $59.19. The company has a market cap of $11.450 billion and a P/E ratio of 35.07.
Monster Beverage Corp. (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.04. The company had revenue of $590.40 million for the quarter, compared to the consensus estimate of $602.34 million. During the same quarter last year, the company posted $0.47 earnings per share. Monster Beverage Corp.’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that Monster Beverage Corp. will post $2.01 EPS for the current fiscal year.
In other Monster Beverage Corp. news, CEO Rodney Sacks sold 200,000 shares of Monster Beverage Corp. stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $67.39, for a total transaction of $13,478,000.00. Following the transaction, the chief executive officer now directly owns 1,192,558 shares in the company, valued at approximately $80,366,484. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
MNST has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Monster Beverage Corp. from $68.00 to $75.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Monster Beverage Corp. from $70.00 to $79.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital upgraded shares of Monster Beverage Corp. from an “outperform” rating to a “top pick” rating in a research note to investors on Monday, December 16th. They now have a $77.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.05.
Monster Beverage Corporation, formerly Hansen Natural Corporation is a holding company. The Company develops, markets, sells and distributes alternative beverage.
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