Goldman Sachs Gives Conviction Buy (N/A) Rating to Monster Beverage Corp (MNST)

By admin | 6 years ago

Monster Beverage Corp (NASDAQ: MNST)‘s stock had its “conviction buy (n/a)” rating reaffirmed by Goldman Sachs (NYSE: GS) in a research note issued on Monday.

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.

About the author