Monster Beverage (NASDAQ:MNST) Rating Upped
Monster Beverage (NASDAQ:MNST)’s stock was increased to “Buy” by research professionals at Jefferies. MNST’s “Hold” rating is no longer valid.
In spite of the company’s rating upgrade NASDAQ:MNST is right now trading 0.00% lower at $43.54 as of 2:01 AM New York time. Monster Beverage shares have [From2] 0% in the past 200 days, while the S&P 500 has risen 14.73% during the same time period.
According to data compiled by Thomson Reuters, Monster Beverage (NASDAQ:MNST)’s stock is covered by 16 equity analysts across the Street, with 0 analysts giving it a Sell rating, 14 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $163.13, which reflects an upside potential of 274.67% over the current price.
Monster Beverage (NASDAQ:MNST) closed at $43.54 yesterday. A total of 1,902 shares of the company’s stock traded hands. This is down from average of 3.44 million shares. Monster Beverage has a 52 week low of $37.69 and a 52 week high of $55.5. The company has a market cap of $24.86 billion and a P/E ratio of 39.12.
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