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Monster Beverage Corp Receives a Buy from Jefferies


In a report issued on July 9, Kevin Grundy from Jefferies reiterated a Buy rating on Monster Beverage Corp (NASDAQ: MNST), with a price target of $70. The company’s shares closed yesterday at $61.21.

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.6% and a 68.2% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Edgewell Personal Care, and Colgate-Palmolive.

Monster Beverage Corp has an analyst consensus of Moderate Buy, with a price target consensus of $59.50, a -2.8% downside from current levels. In a report issued on July 11, Stifel Nicolaus also maintained a Buy rating on the stock with a $65 price target.

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Monster Beverage Corp’s market cap is currently $34.44B and has a P/E ratio of 40.81. The company has a Price to Book ratio of 8.89.

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Monster Beverage Corp. is a holding company which engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates. It operates through the following segments: Finished Products, Concentrate, and Other. The Finished Products segment consists of the Monster Energy drink products.