On November 20, 2023, Roth MKM analyst Sean McGowan made the decision to maintain a Neutral rating on Monster Beverage (NASDAQ:MNST) while lowering the price target from $57 to $55. This decision was based on McGowan’s evaluation of the company’s performance and the prevailing market conditions.
As of that date, Monster Beverage Corporation (MNST) had a market capitalization of approximately $57.94 billion with 1.04 billion shares outstanding. The stock price of Monster Beverage opened at $54.66 on November 20, 2023.
According to the analysis of 58 analysts, the average rating for MNST stock was “Buy,” with a median target price of $86.46. The high estimate for the stock price was $120.00, while the low estimate stood at $50.00. The 12-month stock price forecast indicated a potential increase of 10.29% from the current price, reaching $60.43.
Based on the 2 Stage Free Cash Flow to Equity, Monster Beverage’s estimated fair value was determined to be $61.29.
In terms of financial performance and stock movement, Monster Beverage experienced a 12.1% increase in net sales during the second quarter of 2023, reaching a record net sales figure of $1.85 billion. Additionally, the company reported an EPS of $0.43 in its last earnings report, surpassing expectations of $0.398. Following the earnings report, the stock price rose by 5.507%.
In conclusion, the decision made by Roth MKM analyst Sean McGowan to maintain a Neutral rating and lower the price target for Monster Beverage was influenced by their assessment of the company’s performance and the overall market conditions. However, it is worth noting that the average rating from analysts remained “Buy,” with a median target price significantly higher than the current price, indicating a positive outlook for the stock.
Monster Beverage Corporation
Updated on: 30/11/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
7:00 PM (UTC)
Date:30 November, 2023
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Monster Beverage Corporation Stock Shows Slight Increase on November 20, 2023: Positive Market Movement and Growth Forecast
On November 20, 2023, Monster Beverage Corporation’s stock showed a small increase of $0.14, or 0.44%. This positive change indicates a slight upward movement in the stock price. In comparison, other companies in the same industry also experienced positive changes, with Keurig Dr Pepper Inc (KDP) increasing by 0.44%, Coca-Cola Europacific Partners (CCEP) rising by 1.71%, and Fomento Economico Mexicano (FMX) growing by 0.17%.
Looking ahead, investors can anticipate the next reporting date for Monster Beverage Corporation to be on February 28, 2024. Analysts predict an earnings per share (EPS) forecast of $0.37 for the current quarter. The net profit margin for Monster Beverage Corporation stands at 18.88%.
As a consumer non-durables company operating in the beverages: non-alcoholic industry, Monster Beverage Corporation has its corporate headquarters in Corona, California. The company has established a strong presence in the market.
In conclusion, on November 20, 2023, Monster Beverage Corporation’s stock showed a slight increase, reflecting positive movement in the market. The company has experienced strong growth in earnings this year and is expected to continue growing in the next five years. However, investors should consider the relatively high valuation metrics before making any investment decisions.
Monster Beverage Corp (MNST) Stock: Analysts Project Strong Future Performance
On November 20, 2023, Monster Beverage Corp (MNST) stock had a median target price of $62.00, according to 22 analysts offering 12-month price forecasts. The high estimate was $72.00, while the low estimate was $50.00.
The consensus among 24 polled investment analysts was to buy stock in Monster Beverage Corp. This rating had remained unchanged since November.
Looking at the current quarter’s performance, Monster Beverage Corp reported earnings per share of $0.37 and sales of $1.7 billion. The reporting date for these results was February 28.
Based on the analysts’ price forecasts and the consensus buy rating, it appears that investors have confidence in Monster Beverage Corp’s future performance. The projected increase in the stock price suggests that the company is expected to deliver strong financial results and potentially outperform the market.
It is important to note that these forecasts and ratings are subject to change as new information becomes available. Investors should carefully consider their own investment goals and conduct thorough research before making any investment decisions.