A statement released today by Credit Suisse about Monster Beverage Corp (NASDAQ:MNST) raises the target price to $187.00
- Updated: September 15, 2016
Yesterday Monster Beverage Corp (NASDAQ:MNST) traded 2.41% higher at $146.35. The company’s 50-day average is $158.71 and its two hundred day moving average is $147.34. The last stock price is down 0.67% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. Trading volume was was up over the average, with 1,883,049 shares of MNST changing hands over the typical 985,488 shares..
In a statement issued on 9/15/2016 Credit Suisse increased the target price of Monster Beverage Corp (NASDAQ:MNST) from $0 to $187 reporting a possible upsideof 0.28%.
On 9/07/2016, Vetr Inc. reported on Monster Beverage Corp(NASDAQ:MNST) raised the target price from $0.00 to $147.71. At the time, this suggested a downside of -0.03%.
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A total of 16 brokerages have issued a report on the stock. Five analysts rate the stock a strong buy, nine firms rate the company a buy, four analyts rate the stock a hold, 0 rate the company to underperform, and lastly 0 brokeragesrate the company as sell with a 12-month target price of $163.13
Monster Beverage Corp has a P/E of 46 with a one-year low of $113.08 and a 52 week high of $166.50. Monster Beverage Corp’s market capitalization is currently $0.0.
More About Monster Beverage Corp (NASDAQ:MNST)
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and its concentrates in the United States and internationally. It operates through three segments: Finished Products, Concentrate, and Other. The company provides carbonated energy, and non-carbonated dairy based coffee and energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. Monster Beverage Corporation sells its products under the Monster Energy, Nalu, Monster Rehab, NOS, Monster Energy Extra Strength Nitrous Technology, Full Throttle, Java Monster, Burn, Muscle Monster, Mother, Mega Monster Energy, Ultra, Punch Monster, Play and Power Play, Juice Monster, Gladiator, M3, Relentless, Ãœbermonster, Samurai, BU, and BPM brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, and California.
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