SunTrust Raises Monster Beverage Corp to Buy (MNST)

By admin | 6 years ago

Monster Beverage Corp (NASDAQ: MNST) was upgraded by SunTrust (NYSE: STI) from a “neutral” rating to a “buy” rating in a research note issued on Tuesday.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Stifel Nicolaus raised their price target on shares of Monster Beverage Corp from $64.00 to $80.00 in a research note to investors on Thursday, May 10th. They now have a “buy” rating on the stock.

Monster Beverage Corp remained flat at $73.04 during trading on Tuesday. 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 $12.870 billion and a price-to-earnings ratio of 44.27.

Monster Beverage Corp last posted its quarterly earnings results on Wednesday, May 9th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.03. The company’s quarterly revenue was up 27.6% on a year-over-year basis. Analysts expect that Monster Beverage Corp will post $0.58 EPS next quarter.

Monster Beverage Corporation, formerly Hansen Natural Corporation, is a holding company. The Company develops, markets, sells and distributes alternative beverage.

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