UBS Reiterates a 'Buy' on Monster Beverage (MNST); Strong Start For This Monster
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Price: $46.82 +0.30%
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
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UBS reiterates a 'Buy' on Monster Beverage (NASDAQ: MNST) price target raised from $62.50 to $65.00.
UBS analyst says, "We are encouraged by signs that Monster’s best-in-class growth story remains sound in early 2012. Further, we believe there are few opportunities within global staples to participate in the growth of a singular developing brand."
"We are raising our 1Q rev est to 22.7% (from +10.2% previously), on the back of strong revenue growth in 1Q to-date, offset partly by weaker-than-expected 4Q11 results. Overall, our 2012 revenue growth est goes to 21.5% (from +18.4%). Our 2012-13e EPS goes to $1.97 and $2.39, (from $1.94 and $2.37), based on the better-than-expected start to 2012, and a $0.03 miss in 4Q11 (vs. our estimates)."
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 $54.87 yesterday.
UBS analyst says, "We are encouraged by signs that Monster’s best-in-class growth story remains sound in early 2012. Further, we believe there are few opportunities within global staples to participate in the growth of a singular developing brand."
"We are raising our 1Q rev est to 22.7% (from +10.2% previously), on the back of strong revenue growth in 1Q to-date, offset partly by weaker-than-expected 4Q11 results. Overall, our 2012 revenue growth est goes to 21.5% (from +18.4%). Our 2012-13e EPS goes to $1.97 and $2.39, (from $1.94 and $2.37), based on the better-than-expected start to 2012, and a $0.03 miss in 4Q11 (vs. our estimates)."
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 $54.87 yesterday.
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