Share on StockTwits

Investment analysts at Stifel Nicolaus dropped their price objective on shares of Monster Beverage Corp (NASDAQ:MNST) from $80.00 to $78.00 in a note issued to investors on Friday, reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 16.44% from the company’s current price.

Shares of Monster Beverage Corp (NASDAQ:MNST) opened at 66.99 on Friday. Monster Beverage Corp has a one year low of $51.15 and a one year high of $75.63. The stock’s 50-day moving average is $67.00 and its 200-day moving average is $65.95. The company has a market cap of $11.179 billion and a P/E ratio of 33.91. Monster Beverage Corp also saw unusually large options trading on Friday. Stock investors purchased 5,459 put options on the company. This represents an increase of approximately 703% compared to the average volume of 680 put options.

Monster Beverage Corp (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.37 earnings per share. Monster Beverage Corp’s revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Monster Beverage Corp will post $2.46 earnings per share for the current fiscal year.

MNST has been the subject of a number of other recent research reports. 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 UBS AG initiated coverage on shares of Monster Beverage Corp in a research note on Monday, March 3rd. They set a “buy” rating and a $85.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $72.36.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.