Monster Beverage Corporation (MNST) is Reiterated by Stifel to Buy, Raises Price Target to $ 185

Monster Beverage Corporation (MNST) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 185 from a previous price target of $165 . Stifel advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Monster Beverage Corporation. 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 $158.04 and hit $159.46 on the upside on Thursday, eventually ending the session at $158.59, with a gain of 0.52% or 0.82 points. The heightened volatility saw the trading volume jump to 12,98,821 shares. Company has a market cap of $32,201 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

Leave a Reply

Monster Beverage Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Monster Beverage Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.