Wells Fargo analyst Bonnie Herzog maintained a Hold rating on Monster Beverage Corp (MNST) today. The company’s shares opened today at $52.99.
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.9% and a 66.7% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Monster Beverage Corp with a $65.38 average price target, implying a 23.4% upside from current levels. In a report issued on March 20, Goldman Sachs also downgraded the stock to Hold with a $59 price target.
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Monster Beverage Corp’s market cap is currently $28.97B and has a P/E ratio of 30.10. The company has a Price to Book ratio of 8.02.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Last month, Thomas J. Kelly, the EVP Finance Monster Energy Co. of MNST sold 25,719 shares for a total of $1,534,910.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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: Monster Energy Drinks, Strategic Brands and Other.
