Shares of Monster Beverage Corporation (NASDAQ:MNST) have received an average recommendation of “Buy” from the seventeen brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $59.35.

A number of research analysts have weighed in on the stock. UBS cut shares of Monster Beverage to a “neutral” rating in a research note on Monday, November 20th. Susquehanna Bancshares set a $51.00 target price on shares of Monster Beverage and gave the company a “sell” rating in a research note on Monday, November 20th. Citigroup cut shares of Monster Beverage to a “neutral” rating and dropped their target price for the company from $56.00 to $51.00 in a research note on Monday, November 20th. They noted that the move was a valuation call. Jefferies Group boosted their target price on shares of Monster Beverage from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $69.00 target price (up from $62.00) on shares of Monster Beverage in a research note on Monday, November 20th.

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in Monster Beverage by 64.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,712 shares of the company’s stock worth $383,000 after purchasing an additional 3,035 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Monster Beverage by 40.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,550 shares of the company’s stock worth $971,000 after purchasing an additional 5,600 shares in the last quarter. IFP Advisors Inc lifted its stake in Monster Beverage by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 12,691 shares of the company’s stock worth $630,000 after purchasing an additional 66 shares in the last quarter. Advisor Partners LLC lifted its stake in Monster Beverage by 1.1% in the 2nd quarter. Advisor Partners LLC now owns 7,898 shares of the company’s stock worth $392,000 after purchasing an additional 87 shares in the last quarter. Finally, HL Financial Services LLC lifted its stake in Monster Beverage by 8.2% in the 2nd quarter. HL Financial Services LLC now owns 6,780 shares of the company’s stock worth $337,000 after purchasing an additional 514 shares in the last quarter. Institutional investors own 65.88% of the company’s stock.

Shares of Monster Beverage (NASDAQ:MNST) traded up $0.22 during mid-day trading on Thursday, reaching $63.27. 2,081,300 shares of the company’s stock were exchanged, compared to its average volume of 2,209,169. Monster Beverage has a twelve month low of $41.02 and a twelve month high of $63.54. The company has a market cap of $35,557.89, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. equities research analysts expect that Monster Beverage will post 1.48 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/07/monster-beverage-corporation-mnst-receives-average-rating-of-buy-from-brokerages.html.

Monster Beverage Company Profile

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with MarketBeat.com's FREE daily email newsletter.