Goldman Sachs Boosts Numbers on Monster Beverage (MNST), Keeps Top Rating

May 10, 2012 12:35 PM EDT Send to a Friend
Get Alerts MNST Hot Sheet
Price: $112.13 +0.45%

Rating Summary:
    11 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
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Goldman Sachs lifted estimates and its price target on Conviction Buy List-rated Monster Beverage (NASDAQ: MNST) from $75 to $77 following the solid Q1 beat. Cash returns are the next catalyst, they said.

"We maintain our CL-Buy on MNST, as we see further earnings upside from increased international profitability and expect the company to announce a sizable share buyback program (potentially an accelerated share repurchase program) in the near term."

FY12 EPS goes from $1.98 to $2.03, FY13 EPS goes from $2.41 to $2.49 and FY14 EPS goes from $2.89 to $2.97.

For an analyst ratings summary and ratings history on Monster Beverage click here. For more ratings news on Monster Beverage click here.

Shares of Monster Beverage closed at $65.31 yesterday.


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Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

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Goldman Sachs Conviction Buy List, Goldman Sachs, Stock Buyback, Earnings

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