Monster Beverage Corporation (MNST) : 7 brokerage houses believe that Monster Beverage Corporation (MNST) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Monster Beverage Corporation (MNST). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.71.
Monster Beverage Corporation (MNST) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $191 and the lowest price target forecast is $160. The average forecast of all the analysts is $174.1 and the expected standard deviation is $11.68.
For the current week, the company shares have a recommendation consensus of Buy. Monster Beverage Corporation (NASDAQ:MNST): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $161.77 and $160.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $162.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $161.71, notching a gain of 0.50% for the day. The total traded volume was 699,637 . The stock had closed at $160.90 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Schlosberg Hilton H, director officer (Vice Chairman and President) of Monster Beverage Corp, had unloaded 2,001,350 shares at an average price of $156 in a transaction dated on June 15, 2016. The total value of the transaction was worth $312,210,600.