Macquarie Research Now Covering Monster Beverage Corp (NDAQ:MNST)

September 17, 2017 - By Migdalia James

 Macquarie Research Now Covering Monster Beverage Corp (NDAQ:MNST)

How Macquarie Research Currently Rates Monster Beverage Corp (NDAQ:MNST)

In a note revealed on 15 September, research professionals at Macquarie Research initiated coverage on Monster Beverage Corp (NDAQ:MNST) shares. The company issued a key Outperform rating for MNST stock.

Monster Beverage Corporation (NASDAQ:MNST) Ratings Coverage

Among 7 analysts covering Monster Beverage Corp (NDAQ:MNST), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Monster Beverage Corp has $61 highest and $56 lowest target. $58’s average target is 3.24% above currents $56.18 stock price. Monster Beverage Corp had 7 analyst reports since March 21, 2017 according to SRatingsIntel. The stock of Monster Beverage Corporation (NASDAQ:MNST) has “Buy” rating given on Tuesday, June 20 by Stifel Nicolaus. The stock has “Buy” rating by Credit Suisse on Wednesday, April 5. Goldman Sachs maintained Monster Beverage Corporation (NASDAQ:MNST) rating on Friday, June 16. Goldman Sachs has “Buy” rating and $57 target. Jefferies maintained the stock with “Buy” rating in Friday, June 16 report. As per Friday, April 28, the company rating was maintained by BMO Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Friday, June 23. The stock has “Overweight” rating by JP Morgan on Tuesday, March 21.

The stock decreased 0.71% or $0.4 on September 15, reaching $56.18. About 4.35 million shares traded or 112.20% up from the average. Monster Beverage Corporation (NDAQ:MNST) has declined 3.63% since September 17, 2016 and is downtrending. It has underperformed by 20.33% the S&P500.

Analysts expect Monster Beverage Corporation (NASDAQ:MNST) to report $0.40 EPS on November, 2.They anticipate $0.07 EPS change or 21.21 % from last quarter’s $0.33 EPS. MNST’s profit would be $227.27M giving it 35.11 P/E if the $0.40 EPS is correct. After having $0.39 EPS previously, Monster Beverage Corporation’s analysts see 2.56 % EPS growth.

More notable recent Monster Beverage Corporation (NASDAQ:MNST) news were published by: Thestreet.com which released: “Coca-Cola Is Inching Closer to Monster Beverage Takeover” on September 09, 2017, also Seekingalpha.com with their article: “Monster Beverage: Keep An Eye On This Stock” published on September 07, 2017, Prnewswire.com published: “Global Energy Drinks Market 2017-2021: Key Vendors are Monster Beverage …” on September 07, 2017. More interesting news about Monster Beverage Corporation (NASDAQ:MNST) were released by: Nasdaq.com and their article: “MNST Crosses Above Average Analyst Target” published on September 06, 2017 as well as Nasdaq.com‘s news article titled: “Is Coca-Cola Mulling Over the Buyout of Monster Beverage?” with publication date: September 01, 2017.

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