Monster Beverage Corp. Hits New 12-Month High at $70.60 (MNST)
Monster Beverage Corp. (NASDAQ:MNST) reached a new 52-week high on Monday , Analyst Ratings Network.com reports. The company traded as high as $70.60 and last traded at $70.59, with a volume of 1,172,026 shares. The stock had previously closed at $68.47.
A number of analysts have recently weighed in on MNST shares. Analysts at Zacks reiterated a “neutral” rating on shares of Monster Beverage Corp. in a research note to investors on Tuesday, January 21st. They now have a $73.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Monster Beverage Corp. to $75.00 in a research note to investors on Tuesday, January 7th. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Finally, 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, January 7th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $70.09.
The stock has a 50-day moving average of $68.22 and a 200-day moving average of $60.57. The company has a market cap of $11.853 billion and a P/E ratio of 36.13.
Monster Beverage Corporation, formerly Hansen Natural Corporation is a holding company. The Company develops, markets, sells and distributes alternative beverage.
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