Monster Beverage Corp Price Target Cut to $75.00 by Analysts at UBS AG (MNST)
Research analysts at UBS AG decreased their price objective on shares of Monster Beverage Corp (NASDAQ:MNST) from $84.00 to $75.00 in a report released on Friday, ARN reports. UBS AG’s target price would suggest a potential upside of 13.43% from the company’s current price.
Shares of Monster Beverage Corp (NASDAQ:MNST) opened at 63.94 on Friday. Monster Beverage Corp has a 52 week low of $51.15 and a 52 week high of $75.63. The stock has a 50-day moving average of $67.08 and a 200-day moving average of $65.88. The company has a market cap of $10.670 billion and a P/E ratio of 33.91.
Monster Beverage Corp (NASDAQ:MNST) last announced its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.06. The company had revenue of $536.10 million for the quarter, compared to the consensus estimate of $542.30 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts predict that Monster Beverage Corp will post $2.46 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus cut their price target on shares of Monster Beverage Corp from $80.00 to $78.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Monster Beverage Corp in a research note on Friday, April 11th. They now have a $67.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Monster Beverage Corp in a research note on Wednesday, March 5th. They now have a $78.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Monster Beverage Corp currently has an average rating of “Buy” and a consensus price target of $72.64.
Monster Beverage Corporation is a holding company. The Company develops, markets, sells and distributes alternative beverage, such as non-carbonated ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks, and single-serve still water (NASDAQ:MNST) with beverages, including sodas that are considered natural, sparkling juices and flavored sparkling beverages.
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