A number of other analysts have also recently weighed in on MNST. Analysts at Goldman Sachs (NYSE: GS) reiterated a “conviction buy (n/a)” rating on shares of Monster Beverage Corp in a research note to investors on Monday. Finally, 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.
Monster Beverage Corp opened at 73.95 on Wednesday. Monster Beverage Corp has a 1-year low of $34.43 and a 1-year high of $83.96. The company has a market cap of $13.031 billion and a price-to-earnings ratio of 44.82.
Monster Beverage Corp last released its earnings data 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. 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.