Favorable Press Coverage Very Likely to Impact Monster Beverage Corporation (MNST) Share Price
Media stories about Monster Beverage Corporation (NASDAQ:MNST) have been trending positive on Thursday, according to AlphaOne. The research group, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Monster Beverage Corporation earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned press coverage about the company an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Alpha One’s rankings:
- Downtrend Call Working As Monster Worldwide Stock Falls 65.4% (MNST) (mysmartrend.com)
- Active Runner in Focus: Monster Beverage Corp (MNST) – Financial News Review (finnewsreview.com)
- Reflections On The Current State Of Digital Realty Trust, Inc. (DLR), Monster Beverage Corporation (MNST) – AllStockNews (allstocknews.com)
- China Cord Blood Corporation To Report Fourth Quarter And Full Year Of Fiscal 2017 Financial Results (thestreet.com)
- Monster Beverage Announces Webcast Details for Annual Stockholders’ Meeting (finance.yahoo.com)
A number of research firms have weighed in on MNST. BMO Capital Markets reiterated an “outperform” rating and set a $58.00 price objective on shares of Monster Beverage Corporation in a research report on Friday, June 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $61.00 price target on shares of Monster Beverage Corporation in a report on Friday, March 3rd. Goldman Sachs Group, Inc. (The) upped their price target on shares of Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research note on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Monster Beverage Corporation in a research note on Monday, May 15th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $56.71.
Shares of Monster Beverage Corporation (NASDAQ MNST) traded up 1.06% during trading on Thursday, reaching $51.29. 1,147,995 shares of the company traded hands. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $55.50. The stock’s 50 day moving average is $48.48 and its 200 day moving average is $45.73. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 41.30 and a beta of 0.91.
Monster Beverage Corporation (NASDAQ:MNST) last posted its earnings results on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The business had revenue of $742.10 million during the quarter, compared to analyst estimates of $738.54 million. During the same quarter last year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts forecast that Monster Beverage Corporation will post $1.48 EPS for the current year.
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About Monster Beverage Corporation
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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