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

May 10, 2012 12:35 PM EDT
Get Alerts MNST Hot Sheet
Price: $43.35 -0.25%

Rating Summary:
    17 Buy, 7 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
Trade MNST Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

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

Related Entities

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

Add Your Comment