Somewhat Positive News Coverage Somewhat Unlikely to Impact Monster Beverage Corporation (MNST) Share Price

Media coverage about Monster Beverage Corporation (NASDAQ:MNST) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monster Beverage Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.414773177957 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern’s scoring:

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at 52.03 on Thursday. The company has a market capitalization of $29.54 billion, a P/E ratio of 41.89 and a beta of 0.96. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $54.24. The company has a 50 day moving average price of $51.56 and a 200 day moving average price of $47.49.

Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS. Equities analysts anticipate that Monster Beverage Corporation will post $1.49 EPS for the current year.

A number of brokerages have recently issued reports on MNST. Stifel Nicolaus reissued a “buy” rating and set a $57.00 target price on shares of Monster Beverage Corporation in a research note on Wednesday. Credit Suisse Group set a $61.00 target price on shares of Monster Beverage Corporation and gave the company a “buy” rating in a research note on Wednesday. Jefferies Group LLC boosted their target price on shares of Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Susquehanna Bancshares Inc reissued a “hold” rating and set a $42.00 target price (down from $45.00) on shares of Monster Beverage Corporation in a research note on Monday. Finally, BidaskClub raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage Corporation has a consensus rating of “Buy” and an average price target of $56.28.

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About Monster Beverage Corporation

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

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