Monster Beverage Corp (NASDAQ: MNST)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Monday.
The analysts wrote, “Monster Beverage (MNST) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
A number of other analysts have also recently weighed in on MNST. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Monster Beverage Corp in a research note to investors on Thursday. They now have a $90.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Monster Beverage Corp from $72.50 to $69.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at S&P Equity Research downgraded shares of Monster Beverage Corp from a “hold” rating to a “sell” rating in a research note to investors on Friday, February 15th. They now have a $45.00 price target on the stock.
Four equities research analysts have rated the stock with a buy rating, and five have given a hold rating to the stock. Monster Beverage Corp currently has an average rating of “overweight” and an average target price of $101.25.
Monster Beverage Corp traded down 1.01% on Monday, hitting $50.15. Monster Beverage Corp has a 1-year low of $39.99 and a 1-year high of $83.96. The stock’s 50-day moving average is currently $48.85. The company has a market cap of $8.314 billion and a price-to-earnings ratio of 27.24.
Monster Beverage Corp last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $471.50 million for the quarter, compared to the consensus estimate of $483.61 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts expect that Monster Beverage Corp will post $2.26 EPS for the current fiscal year.
Monster Beverage Corporation, formerly Hansen Natural Corporation, is a holding company. The Company develops, markets, sells and distributes alternative beverage.
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