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Monster Beverage Corp. (NASDAQ:MNST) was downgraded by investment analysts at Longbow Research from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on MNST. Analysts at Zacks reiterated a “neutral” rating on shares of Monster Beverage Corp. in a research note 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 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 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 issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.60.

Monster Beverage Corp. (NASDAQ:MNST) traded down 3.72% on Tuesday, hitting $71.75. The stock had a trading volume of 756,842 shares. Monster Beverage Corp. has a 1-year low of $45.38 and a 1-year high of $75.63. The stock has a 50-day moving average of $69.67 and a 200-day moving average of $61.26. The company has a market cap of $12.031 billion and a price-to-earnings ratio of 39.32.

Monster Beverage Corporation, formerly Hansen Natural Corporation is a holding company. The Company develops, markets, sells and distributes alternative beverage.

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