Monster Beverage (NASDAQ:MNST) Price Target Raised to $55.00

Monster Beverage (NASDAQ:MNST) had its target price hoisted by TD Cowen from $50.00 to $55.00 in a research note released on Monday morning, Marketbeat reports. TD Cowen currently has a hold rating on the stock.

A number of other analysts also recently issued reports on MNST. Wells Fargo & Company lifted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI decreased their price objective 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. Truist Financial dropped their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Bank of America upped their target price on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Stock Down 1.4 %

MNST stock opened at $55.15 on Monday. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22. The stock has a market cap of $53.63 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $52.18 and its 200 day moving average is $51.06.

Institutional Investors Weigh In On Monster Beverage

A number of large investors have recently made changes to their positions in MNST. LRI Investments LLC bought a new stake in Monster Beverage during the 1st quarter worth approximately $26,000. Stephens Consulting LLC bought a new stake in Monster Beverage during the second quarter valued at about $26,000. Kings Path Partners LLC bought a new position in Monster Beverage in the 2nd quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Monster Beverage during the 2nd quarter valued at about $30,000. Finally, Crewe Advisors LLC bought a new stake in shares of Monster Beverage in the first quarter worth about $37,000. 72.36% of the stock is currently owned by institutional investors.

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.