Sun Trust Rbsn Humphrey Upgrades Monster Beverage Corp to Buy (MNST)
Monster Beverage Corp (NASDAQ: MNST) was upgraded by equities research analysts at Sun Trust Rbsn Humphrey from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday.
MNST has been the subject of a number of other recent research reports. 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. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “conviction buy” rating on shares of Monster Beverage Corp in a research note to investors on Thursday, May 10th. 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 opened at 73.64 on Wednesday. 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 $12.976 billion and a P/E ratio of 44.63.
Monster Beverage Corp last announced its earnings results on Wednesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. 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.