Monster Beverage Corporation (NASDAQ:MNST) target price raised to $157.53, reported today by Vetr Inc.
- Updated: September 15, 2016
Only yesterday Monster Beverage Corporation (NASDAQ:MNST) traded 2.41% higher at $146.35. Monster Beverage Corporation’s 50-day moving average is $158.71 and its two hundred day average is $147.34. With the last stock close down 0.67% relative to the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the date range. 1,883,049 shares of Monster Beverage Corporation traded, up from ann avg. volume of 985,488.
Reporting a possible upside of 0.08%, Vetr Inc. raised the target stock price of Monster Beverage Corporation (NASDAQ:MNST) to $158
On 9/15/2016, Credit Suisse released a statement on Monster Beverage Corporation(NASDAQ:MNST) upped the target price from $0.00 to $187.00. At the time, this suggested an upside of 0.28%.
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Also covering Monster Beverage Corporation’s stock price target, a total of 16 brokerages have released a research note on Monster Beverage Corporation. The consensus target stock price is $163.13 with five analysts rating the company a strong buy, nine analysts rating the stock a buy, four firms rating the stock a hold, 0 rating the company to underperform, and finally 0 firms rating the stock as sell.
With a market cap of $0.0, Monster Beverage Corporation has a 52 week low of $113.08 and a one-year high of $166.50 with a price-earnings ratio of 46.
Brief Synopsis About Monster Beverage Corporation (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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