J.P. Morgan analyst Andrea Faria Teixeira downgraded Monster Beverage (MNST – Research Report) to a Hold today and set a price target of $66.00. The company’s shares closed yesterday at $54.13.
Faria Teixeira covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Central Garden Pet, and Church & Dwight. According to TipRanks, Faria Teixeira has an average return of 1.9% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Monster Beverage with a $63.72 average price target.
MNST market cap is currently $55.54B and has a P/E ratio of 34.62.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock.
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Monster Beverage (MNST) Company Description:
California-based Monster Beverage Corp. develops, markets, sells and distributes energy drink beverages and concentrates including Monster Energy, Relentless and Burn in the United States and internationally. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other.
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