Goldman Sachs Boosts Numbers on Monster Beverage (MNST), Keeps Top Rating
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Price: $56.91 -0.52%
Rating Summary:
6 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MNST Now!
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, with a 52 week range of $52.44-$111.18.
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"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, with a 52 week range of $52.44-$111.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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