Stock within Traders Screening: Monster Beverage Corporation's (MNST)
Dec 03 2016
For the ongoing Fiscal Quarter, 16 analysts have an average earnings forecast of $0.3 per share. With RSI of 69.55, the stock should still continue to rise and get closer to its one year target estimate of $82.96, making it a hold for now. Stock 3 months performance is recorded as -7.76%. The company has a Low Price Target of $43 and the Mean Target of $47.38, according to the Brokers. Finally, BMO Capital Markets reiterated a "buy" rating and set a $160.00 price target on shares of Monster Beverage Corp.in a research report on Wednesday, June 15th.
Monster Beverage Corporation (NASDAQ:MNST) last ended at $44.74, sending the company's market cap near $25.55B. Panagora Asset Management Inc. now owns 29,619 shares of the company's stock valued at $3,951,000 after buying an additional 16,533 shares in the last quarter. For the next 5 years, the company is expected to grow by 20.37 percent. Monster Beverage Corp. The business had revenue of $788 million for the quarter, compared to analyst estimates of $819.90 million.
The company's ATR (Average True Range) is 0.78. The average volume stands around 3.16 million shares. Monster Beverage Corporation. has Analysts' Mean Recommendation of 2.06 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell).
Always volatility measures make charm for active trader; price volatility of stock was 1.51% for a week and 2.29% for a month. On these bases, analysts would recommend this stock as an "Active Spinning Stocks". The stock has an average rating of "Buy" and an average target price of $54.02. Stifel Nicolaus upped their target price on Monster Beverage Corp. from $55.00 to $61.67 and gave the stock a "buy" rating in a report on Friday, August 5th.
In General Growth Properties, Inc (NYSE:GGP) latest quarter ended on 30 Sep 2016, company revealed earnings of $0.35 a share. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Municipal Employees Retirement System of MI raised its position in Monster Beverage Corp.by 0.5% in the third quarter. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and global copyright law. Meeder Asset Management Inc. boosted its stake in Monster Beverage Corp.by 276.2% in the second quarter.
Unilever PLC (NYSE:UL) [Trend Analysis] pretends to be active mover, stock shows upbeat performance moved up around 1.94% to trade at $39.86. Finally, First Republic Investment Management Inc. raised its position in Monster Beverage Corp.by 74.3% in the first quarter.
A number of institutional investors have recently made changes to their positions in the company. Hedge funds and other institutional investors own 67.42% of the company's stock.
Monster Beverage Corporation is a holding company. 5 given Buy rating to the stock whereas no analyst given UNDERPERFORM rating to stock and 5 analysts given HOLD rating. 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. Unfavorable currency exchange rates reduced gross sales by approximately $4.8 million and net sales by approximately $2.6 million in the 2016 third quarter.