Monster Beverage (NASDAQ:MNST) Price Target Cut to $59.00 by Analysts at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $61.00 to $59.00 in a report released on Friday,Briefing.com Automated Import reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 6.88% from the company’s current price.

A number of other analysts have also weighed in on MNST. Piper Sandler decreased their target price on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. cut their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday. TD Cowen cut their price target on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, July 15th. Bank of America boosted their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Evercore ISI cut their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.00.

Monster Beverage Stock Performance

Monster Beverage stock opened at $55.20 on Friday. The firm’s 50 day simple moving average is $51.40 and its 200 day simple moving average is $51.00. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $54.07 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. As a group, analysts expect that Monster Beverage will post 1.66 earnings per share for the current fiscal year.

Institutional Trading of Monster Beverage

Several institutional investors have recently bought and sold shares of MNST. LRI Investments LLC purchased a new stake in Monster Beverage during the 1st quarter valued at about $26,000. Stephens Consulting LLC purchased a new stake in Monster Beverage during the 2nd quarter valued at about $26,000. Kings Path Partners LLC purchased a new stake in Monster Beverage during the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Monster Beverage during the 2nd quarter valued at about $30,000. Finally, Crewe Advisors LLC purchased a new stake in Monster Beverage during the 1st quarter valued at about $37,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.