Monster drink (NASDAQ: MNST) noticed its goal worth raised by Morgan Stanley from $ 101.00 to $ 106.00 in a analysis be aware launched Tuesday, Fly studies. The corporate at present has an “chubby” ranking on the inventory. Morgan Stanley’s worth goal suggests a possible rise of 24.50% from the present share worth.
Quite a few different analysis corporations have additionally just lately revealed studies on MNST. Smith Barney Citigroup raised its worth goal on Monster Beverage from $ 89.00 to $ 99.00 in a analysis report on Friday, January 15. Wells Fargo & Firm assumed protection of Monster Beverage in a analysis report on Monday, December 7. They issued an “chubby” ranking and a goal worth of $ 105.00 for the corporate. Citigroup raised its worth goal on Monster Beverage from $ 89.00 to $ 99.00 and rated the inventory “impartial” in a analysis report on Friday, January 15. Deutsche Financial institution Aktiengesellschaft downgraded Monster Beverage’s ranking to a “purchase” ranking and raised its share worth goal from $ 99.00 to $ 102.00 in a analysis report on Friday January 15. Lastly, Evercore ISI upgraded Monster Beverage from an “on-line” ranking to an “outperformance” ranking in a analysis report on Thursday, March 4. Six analysts rated the inventory with a sustaining ranking and fourteen gave the corporate a purchase ranking. Monster Beverage has a “Purchase” consensus ranking and a consensus worth goal of $ 93.85.
MNST inventory opened at $ 85.14 on Tuesday. The inventory has a 50-day shifting common worth of $ 89.10 and a two-hundred-day shifting common worth of $ 85.54. Monster Beverage has a 12 month low of $ 50.06 and a 12 month excessive of $ 95.11. The corporate has a market cap of $ 44.97 billion, a PE ratio of 38.18, a worth / earnings-growth ratio of two.92 and a beta of 1.11.
Monster Beverage (NASDAQ: MNST) final launched its quarterly outcomes on Thursday, February 25. The corporate reported earnings per share (EPS) of $ 0.62 for the quarter, beating the Zacks consensus estimate of $ 0.59 by $ 0.03. Monster Beverage had a return on fairness of 28.24% and a web margin of 26.99%. Inventory analysts anticipate Monster Beverage to put up earnings per share of two.29 for the present fiscal yr.
Quite a few hedge funds and different institutional buyers have just lately modified their positions in MNST. Non-public Advisor Group LLC elevated its stake in Monster Beverage by 8.3% through the third quarter. Non-public Advisor Group LLC now owns 9,960 shares of the corporate valued at $ 759,000 after buying 766 extra shares over the past quarter. GWM Advisors LLC elevated its place in Monster Beverage shares by 5.4% through the third quarter. GWM Advisors LLC now owns 7,036 shares of the corporate valued at $ 564,000 after buying an extra 363 shares through the interval. Park Avenue Securities LLC elevated its place in shares of Monster Beverage by 20.4% through the third quarter. Park Avenue Securities LLC now owns 4,741 shares of the corporate valued at $ 380,000 after buying an extra 803 shares through the interval. Symmetry Companions LLC acquired a brand new fairness stake in Monster Beverage through the third quarter valued at roughly $ 451,000. Lastly, Mackay Shields LLC elevated its place in Monster Beverage shares by 4.3% through the third quarter. Mackay Shields LLC now owns 62,471 shares of the corporate valued at $ 5,010,000 after buying an extra 2,592 shares through the interval. Hedge funds and different institutional buyers maintain 63.59% of the corporate’s shares.
Monster Beverage Firm Profile
Monster Beverage Company, via its subsidiaries, develops, markets, sells and distributes vitality drinks and concentrates in the USA and around the globe. It operates via three segments: Monster Vitality Drinks, Strategic Manufacturers and Different. The corporate presents carbonated vitality drinks, espresso and dairy-based non-carbonated vitality drinks, non-carbonated vitality drinks, non-carbonated vitality teas, non-carbonated vitality drinks and packaged vitality drinks able to drink primarily at bottlers. and beverage dispensers. , and sells on to retail and specialty grocery shops, wholesalers, golf equipment, drugstores, huge field shops, comfort retailer chains, meals service prospects and the army; and beverage concentrates and / or bases for bottling and canning operations.
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