Monster Beverage Cp (NASDAQ:MNST) shares traded 0.8% up during most recent session to reach at the closing price of $57.89. The stock exchanged hands 1.54 Million shares versus average trading capacity of 3.48 Million shares, yielding a market cap of $31.76 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $62.44 within the next 52-weeks. The mean target projections are based on 16 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Monster Beverage Cp (NASDAQ:MNST) high price target of $75 and with a conservative view have low price target of $48.
SunTrust Robinson Humphrey “Upgrades” Monster Beverage Cp (NASDAQ:MNST) in a research note issued to investors on 1/08/19 to Buy with price target of $65.
Additionally on 12/13/18 UBS “Initiates Coverage On” Monster Beverage Cp (NASDAQ:MNST) to Sell setting price target at $48 and on 11/08/18 Morgan Stanley “Downgrades” the stock to Equal-Weight at $57. Furthermore on 10/24/18 JP Morgan “Maintained” the stock to Neutral at $58.
On the other hand the company has Relative Strength Index (RSI 14) of 62.85 along with Average True Range (ATR 14) of 1.02, Consequently Monster Beverage Cp (NASDAQ:MNST)’s weekly and monthly volatility is 1.36%, 1.72% respectively. The company’s beta value is at 1.52.
In terms of Buy, Sell or Hold recommendations, Monster Beverage Cp (NASDAQ:MNST) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Monster Beverage Cp (NASDAQ:MNST)’s minimum EPS for the current quarter is at $0.36 and can go high up to $0.44. The consensus mean EPS for the current quarter is at $0.4 derived from a total of 17 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.28 earnings per share for the same quarter during last year.
Previously Monster Beverage Cp (NASDAQ:MNST) reported $0.5 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The company posted an earnings surprise of 8.7%.
Monster Beverage Cp (NASDAQ:MNST)’s revenue estimates for the current quarter are $898.73 Million according to 14 number of analysts, for the current quarter the company has high revenue estimates of $926.54 Million in contradiction of low revenue estimates of $878 Million. For the current year the company’s revenue estimates are $3.78 Billion compared to low analyst estimates of $3.76 Billion and high estimates of $3.81 Billion according to 16 number of analysts.
Currently Monster Beverage Cp (NASDAQ:MNST)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 65.6%. However the six-month change in the insider ownership was recorded -6.9%, as well as three-month change in the institutional ownership was recorded -0.72%.
Monster Beverage Cp (NASDAQ:MNST)’s trailing twelve month revenues are $3.69 Billion, whereas its price to sales ratio for the same period is 8.6. Its book value per share for the most recent quarter is $7.04 while its price to book ratio for the same period is 8.22, as for as the company’s cash per share for the most recent quarter is $2.14, however its price to cash per share ratio for the same period is 27.11. The stock has 5 year expected PEG ratio of 1.95 whereas its trailing twelve month P/E ratio is 32.99.