Goldman Sachs Gives Conviction Buy (N/A) Rating to Monster Beverage Corp (MNST)
Other equities research analysts have also recently issued reports about the stock. Analysts at Sun Trust Rbsn Humphrey upgraded shares of Monster Beverage Corp from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 30th. Separately, analysts at SunTrust (NYSE: STI) upgraded shares of Monster Beverage Corp from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, May 29th. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Monster Beverage Corp from $70.00 to $82.00 in a research note to investors on Thursday, May 10th. They now have a “buy” rating on the stock.
Shares of Monster Beverage Corp traded down 0.81% during mid-day trading on Monday, hitting $72.52. Monster Beverage Corp has a 52 week low of $34.43 and a 52 week high of $83.96. The company has a market cap of $12.779 billion and a P/E ratio of 44.31.
Monster Beverage Corp last announced its earnings results on Wednesday, May 9th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.03. Monster Beverage Corp’s revenue was up 27.6% compared to the same quarter last year. On average, analysts predict that Monster Beverage Corp will post $0.58 earnings per share next quarter.
Monster Beverage Corporation, formerly Hansen Natural Corporation, is a holding company. The Company develops, markets, sells and distributes alternative beverage.