UBS Reiterates a 'Buy' on Monster Beverage (MNST); Continue to Get Incrementally Better
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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: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS reiterates a 'Buy' on Monster Beverage (NASDAQ: MNST) price target raised from $70 to $82.
Analyst, Kaumil S. Gajrawala, said, "After a difficult comp, Monster’s 1Q results accelerated. April results indicate 39% topline, (includes 6pp or $28m rollout in Japan). Additional 2012 rollouts include Korea, Peru, Ecuador, Macau, Chile, Philippines, Singapore and Taiwan. More importantly, 1Q marks a significant shift
in margin structure with Monster employing operational efficiency programs and enjoying scale benefits. With this, we are increasing our 2012E and 2013E EPS to $2.11 and $2.72 (from $2.04 and $2.59) and increasing our EV/EBITDA mult. to 18x, resulting in a new PT of $82."
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.
Analyst, Kaumil S. Gajrawala, said, "After a difficult comp, Monster’s 1Q results accelerated. April results indicate 39% topline, (includes 6pp or $28m rollout in Japan). Additional 2012 rollouts include Korea, Peru, Ecuador, Macau, Chile, Philippines, Singapore and Taiwan. More importantly, 1Q marks a significant shift
in margin structure with Monster employing operational efficiency programs and enjoying scale benefits. With this, we are increasing our 2012E and 2013E EPS to $2.11 and $2.72 (from $2.04 and $2.59) and increasing our EV/EBITDA mult. to 18x, resulting in a new PT of $82."
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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