Analysts at RBC Capital initiated coverage on shares of Monster Beverage Corp. (NASDAQ:MNST) in a research report issued to clients and investors on Monday, American Banking News reports. The firm set an “outperform” rating on the stock.
Shares of Monster Beverage Corp. (NASDAQ:MNST) traded down 0.17% during mid-day trading on Monday, hitting $57.22. The stock had a trading volume of 1,735,798 shares. Monster Beverage Corp. has a 1-year low of $45.24 and a 1-year high of $66.12. The stock’s 50-day moving average is $56.24 and its 200-day moving average is $57.89. The company has a market cap of $9.594 billion and a price-to-earnings ratio of 30.25.
Monster Beverage Corp. (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.04. The company had revenue of $590.40 million for the quarter, compared to the consensus estimate of $602.34 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis.
Monster Beverage Corporation, formerly Hansen Natural Corporation is a holding company. The Company develops, markets, sells and distributes alternative beverage.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.