Analyst Price Target Update on Monster Beverage Corporation (NASDAQ:MNST)

Monster Beverage Corporation (NASDAQ:MNST): 11 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $161.82 in Monster Beverage Corporation (NASDAQ:MNST). However, the stock price could fluctuate by $ 10.55 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $175 price target with the lower price estimate is calculated at $140

Many analysts have stated their opinion on the company shares. Bank of America initiates coverage on Monster Beverage Corporation (NASDAQ:MNST).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Bank of America announces the price target of $144 per share. The rating by the firm was issued on March 22, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Kelly Thomas J, officer (Senior VP – Monster Energy Co.) of Monster Beverage Corp, unloaded 26,033 shares at an average price of $157.89 on December 1, 2015. The total amount of the transaction was worth $4,110,350, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Monster Beverage Corporation (NASDAQ:MNST) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.76 points or 1.8% at $150.78 with 1,613,947 shares getting traded. Post opening the session at $153.54, the shares hit an intraday low of $150.73 and an intraday high of $153.59 and the price was in this range throughout the day. The company has a market cap of $30,615 million and the number of outstanding shares have been calculated to be 203,042,660 shares. The 52-week high of Monster Beverage Corporation (NASDAQ:MNST) is $160.5 and the 52-week low is $113.08.

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