Several other brokerages also recently commented on MNST. Jefferies Financial Group boosted their price objective on shares of Monster Beverage from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group boosted their price target on Monster Beverage from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Guggenheim raised their price objective on Monster Beverage from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. The Goldman Sachs Group increased their target price on shares of Monster Beverage from $87.00 to $93.00 in a report on Thursday, August 13th. Finally, SunTrust Banks raised their price target on shares of Monster Beverage from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $81.79.
MNST opened at $83.26 on Friday. Monster Beverage has a twelve month low of $50.06 and a twelve month high of $87.05. The company has a 50-day simple moving average of $79.75 and a 200 day simple moving average of $74.71. The stock has a market capitalization of $43.91 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 2.83 and a beta of 1.11.
Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, November 5th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. Monster Beverage had a net margin of 26.57% and a return on equity of 27.95%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that Monster Beverage will post 2.26 EPS for the current fiscal year.
In other Monster Beverage news, insider Emelie Tirre sold 47,601 shares of Monster Beverage stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $80.34, for a total transaction of $3,824,264.34. Following the transaction, the insider now directly owns 11,349 shares of the company’s stock, valued at approximately $911,778.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through…