Monster Beverage Corporation (MNST) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 190

Monster Beverage Corporation (MNST) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 190 from a previous price target of $166 . RBC Capital Mkts advised their investors in a research report released on Aug 8, 2016.

Many Wall Street Analysts have commented on Monster Beverage Corporation. Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 185 from a previous price target of $165 .Monster Beverage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jul 18, 2016.

On the company’s financial health, Monster Beverage Corporation reported $0.99 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $1.04. The company had revenue of $824.50 million for the quarter, compared to analysts expectations of $804.29 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Monster Beverage Corporation opened for trading at $162.5 and hit $166.5 on the upside on Friday, eventually ending the session at $162.52, with a gain of 2.48% or 3.93 points. The heightened volatility saw the trading volume jump to 24,66,731 shares. Company has a market cap of $32,998 M.

In a different news, on Jun 17, 2016, Hilton H Schlosberg (Vice Chairman and President) sold 2,001,350 shares at $156.00 per share price. According to the SEC, on Jun 17, 2016, Rodney C Sacks (Chairman and CEO) sold 2,396,288 shares at $156.00 per share price. On Jun 14, 2016, Harold C Jr Taber (director) sold 5,000 shares at $154.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Monster Beverage Corporation

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