Somewhat Positive Press Coverage Somewhat Unlikely to Impact Monster Beverage (MNST) Stock Price

News coverage about Monster Beverage (NASDAQ:MNST) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monster Beverage earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.6884474618255 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Monster Beverage (MNST) traded down $0.04 during mid-day trading on Friday, reaching $63.77. 1,192,325 shares of the company’s stock were exchanged, compared to its average volume of 2,240,000. Monster Beverage has a one year low of $41.02 and a one year high of $64.79. The company has a market capitalization of $35,990.00, a PE ratio of 46.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The company had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. research analysts predict that Monster Beverage will post 1.48 earnings per share for the current year.

Several equities analysts have recently commented on MNST shares. BMO Capital Markets restated a “buy” rating and set a $58.00 price target on shares of Monster Beverage in a report on Wednesday, September 6th. Credit Suisse Group reiterated an “outperform” rating and issued a $61.00 price objective on shares of Monster Beverage in a report on Thursday, September 7th. Macquarie began coverage on shares of Monster Beverage in a report on Thursday, September 14th. They issued an “outperform” rating and a $65.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 price objective on shares of Monster Beverage in a report on Friday, September 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage in a report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Monster Beverage has a consensus rating of “Buy” and an average target price of $60.11.

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About Monster Beverage

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

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