Monster Beverage (MNST) Earning Somewhat Favorable News Coverage, Study Shows
News headlines about Monster Beverage (NASDAQ:MNST) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Monster Beverage earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0870438157962 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Gratifying Stocks: Monster Beverage Corporation, (NASDAQ: MNST), Expeditors International of Washington, Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- Summary of what has been trade about Monster Beverage Corporation (MNST) – Wall Street Morning (wallstreetmorning.com)
- Emerson Electric Co. (EMR) In Active Momentum Stocks- Monster Beverage Corporation (MNST) – Investing News Update (investingbizz.com)
- Monster Beverage Still Looks Explosive – TheStreet.com (realmoney.thestreet.com)
Several equities research analysts have weighed in on MNST shares. Jefferies Group increased their price objective on Monster Beverage from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage in a report on Wednesday, August 9th. Zacks Investment Research cut Monster Beverage from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Credit Suisse Group set a $61.00 price objective on Monster Beverage and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, Susquehanna Bancshares set a $51.00 price objective on Monster Beverage and gave the stock a “sell” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Monster Beverage currently has a consensus rating of “Buy” and an average target price of $59.24.
Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The company had revenue of $909.50 million during the quarter, compared to analyst estimates of $903.82 million. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. research analysts predict that Monster Beverage will post 1.48 EPS for the current year.
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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