UBS AG (NYSE: UBS) raised their price target on shares of Monster Beverage Corp (NASDAQ: MNST) from $110.00 to $125.00 in a research note issued on Thursday. They currently have a “buy” rating on the company’s shares.
Separately, analysts at Credit Agricole downgraded shares of Monster Beverage Corp from a “buy” rating to an “outperform” rating in a research note to investors on Tuesday. Analysts at CLSA downgraded shares of Monster Beverage Corp from a “buy” rating to an “outperform” rating in a research note to investors on Tuesday. Also, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Monster Beverage Corp from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $124.00 price target on the stock.
Monster Beverage Corporation, formerly Hansen Natural Corporation, is a holding company. The Company develops, markets, sells and distributes alternative beverage. The Company’s category beverages brand names include Monster Energy, Java Monster, Monster Energy Extra Strength Nitrous Technology, Monster Rehab, Peace Tea, Hansen’s, Hansen’s Natural Sodas, Junior Juice, Blue Sky, X-Presso Monster, Vidration, Worx Energy, Admiral, Lost Energy, Hubert’s, Rumba, Samba and Tango. It has two segments: Direct Store Delivery (DSD), whose principal products consists of primarily energy drinks, and Warehouse (Warehouse), whose principal products consists of juice based and soda beverages. The DSD segment develops, markets and sells products primarily through a distributor network, whereas the Warehouse segment develops, markets and sells products primarily directly to retailers.
Monster Beverage Corp traded up 1.47% on Thursday, hitting $106.33. Monster Beverage Corp has a 52-week low of $53.28 and a 52-week high of $108.70. The stock has a 50-day moving average of $98.10 and a 200-day moving average of $89.34. The company has a market cap of $9.258 billion and a price-to-earnings ratio of 36.12.
Stay on top of analysts' coverage with our daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day. Click here to register.