Monster Beverage (NASDAQ:MNST) Price Target Raised to $65.00

Monster Beverage (NASDAQ:MNST - Get Free Report) had its price objective increased by research analysts at Argus from $55.00 to $65.00 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Argus' target price would suggest a potential upside of 16.03% from the company's previous close.

A number of other research analysts have also recently commented on the stock. Evercore ISI decreased their target price on shares of Monster Beverage from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Jefferies Financial Group reduced their target price on shares of Monster Beverage from $61.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Citigroup dropped their price target on shares of Monster Beverage from $60.00 to $54.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus increased their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a "buy" rating in a research note on Friday. Finally, Wells Fargo & Company upped their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $56.45.

Monster Beverage Trading Up 0.5 %

MNST stock traded up $0.28 during midday trading on Tuesday, hitting $56.02. 7,457,094 shares of the company's stock were exchanged, compared to its average volume of 6,982,377. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $54.87 billion, a PE ratio of 35.88, a P/E/G ratio of 2.47 and a beta of 0.74. The business has a 50-day simple moving average of $51.86 and a two-hundred day simple moving average of $51.00.

Institutional Investors Weigh In On Monster Beverage

Several large investors have recently made changes to their positions in the stock. LRI Investments LLC acquired a new stake in Monster Beverage during the first quarter worth approximately $26,000. Stephens Consulting LLC purchased a new stake in Monster Beverage in the 2nd quarter valued at $26,000. Kings Path Partners LLC bought a new stake in shares of Monster Beverage during the 2nd quarter worth $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Monster Beverage in the second quarter worth about $30,000. Finally, Crewe Advisors LLC bought a new position in shares of Monster Beverage in the first quarter worth $37,000. Institutional investors and hedge funds own 72.36% of the company's stock.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.