Monster Beverage Corp Given Consensus Rating of “Buy” by Analysts (NASDAQ:MNST)
Monster Beverage Corp (NASDAQ:MNST) has received an average rating of “Buy” from the seventeen brokerages that are covering the company, Analyst Ratings Network reports. Seven investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $89.58.
Monster Beverage Corp (NASDAQ:MNST) traded up 0.38% on Tuesday, hitting $88.7736. 757,186 shares of the company’s stock traded hands. Monster Beverage Corp has a 52 week low of $51.15 and a 52 week high of $94.93. The stock has a 50-day moving average of $69.20 and a 200-day moving average of $69.35. The company has a market cap of $14.841 billion and a price-to-earnings ratio of 37.96. Monster Beverage Corp also was the recipient of some unusual options trading on Monday. Stock investors purchased 3,428 put options on the company. This represents an increase of approximately 142% compared to the average daily volume of 1,417 put options.
Monster Beverage Corp (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.06. The company had revenue of $687.20 million for the quarter, compared to the consensus estimate of $694.22 million. During the same quarter last year, the company posted $0.62 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 $2.58 EPS for the current fiscal year.
A number of analysts have recently weighed in on MNST shares. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Monster Beverage Corp in a research note on Tuesday. They now have a $125.00 price target on the stock, up previously from $87.00. Separately, analysts at SunTrust downgraded shares of Monster Beverage Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $90.00 price target on the stock, up previously from $80.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Monster Beverage Corp in a research note on Monday.
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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