New York: Monster Beverage Corp (NASDAQ:MNST) Stock Has Just Had Its “Buy” Rating Reiterated by Jefferies. Shares now Have a $65.0 Target

September 17, 2017 - By Stephen Andrade

 New York: Monster Beverage Corp (NASDAQ:MNST) Stock Has Just Had Its

Monster Beverage Corp (NASDAQ:MNST) Rating Reaffirmed

They currently have a $65.0 PT on Monster Beverage Corp (NASDAQ:MNST). The target price by Jefferies would suggest a potential upside of 15.70 % from the company’s last stock close price. This has been disclosed in a note on Monday morning.

Monster Beverage Corporation (NASDAQ:MNST) Ratings Coverage

Among 20 analysts covering Monster Beverage Corp (NASDAQ:MNST), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Monster Beverage Corp has $185 highest and $4200 lowest target. $97.44’s average target is 73.44% above currents $56.18 stock price. Monster Beverage Corp had 60 analyst reports since July 27, 2015 according to SRatingsIntel. Jefferies maintained Monster Beverage Corporation (NASDAQ:MNST) on Tuesday, June 20 with “Buy” rating. The firm has “Buy” rating given on Monday, August 24 by Vetr. BMO Capital Markets maintained Monster Beverage Corporation (NASDAQ:MNST) on Tuesday, June 6 with “Buy” rating. The company was maintained on Monday, August 14 by Cowen & Co. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned “Buy” rating by Jefferies on Friday, July 14. CLSA downgraded the shares of MNST in report on Wednesday, September 16 to “Outperform” rating. The company was downgraded on Wednesday, September 16 by Credit Agricole. The firm has “Buy” rating given on Friday, July 14 by RBC Capital Markets. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned “Buy” rating by Stifel Nicolaus on Friday, February 26. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, November 4 report.

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 (NASDAQ:MNST) has declined 3.63% since September 17, 2016 and is downtrending. It has underperformed by 20.33% the S&P500.

Analysts await Monster Beverage Corporation (NASDAQ:MNST) to report earnings on November, 2. They expect $0.40 EPS, up 21.21 % or $0.07 from last year’s $0.33 per share. MNST’s profit will be $227.27M for 35.11 P/E if the $0.40 EPS becomes a reality. After $0.39 actual EPS reported by Monster Beverage Corporation for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

More recent Monster Beverage Corporation (NASDAQ:MNST) news were published by: Seekingalpha.com which released: “Monster Beverage: Keep An Eye On This Stock” on September 07, 2017. Also Nasdaq.com published the news titled: “MNST Crosses Above Average Analyst Target” on September 06, 2017. Thestreet.com‘s news article titled: “Coca-Cola Is Inching Closer to Monster Beverage Takeover” with publication date: September 09, 2017 was also an interesting one.

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