Monster Beverage Corp Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:MNST)
Monster Beverage Corp (NASDAQ:MNST) has earned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the stock, Analyst Ratings Network reports. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $89.58.
Shares of Monster Beverage Corp (NASDAQ:MNST) opened at 86.37 on Tuesday. 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 $71.20 and a 200-day moving average of $69.91. The company has a market cap of $14.439 billion and a P/E ratio of 37.55.
Monster Beverage Corp (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Monster Beverage Corp will post $2.59 EPS for the current fiscal year.
MNST has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of Monster Beverage Corp from $87.00 to $125.00 in a research note on Tuesday. They now have a “buy” rating on the stock. 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, August 18th.
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.