JP Morgan Initiates Coverage On Monster Beverage Corporation to Overweight with Price Target $56

JP Morgan Initiates Coverage On Monster Beverage Corporation(MNST). In a research note issued to the investors, the brokerage major Announces the price-target to $56 per share. The shares have been rated Overweight. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Monster Beverage Corporation (MNST) made into the market gainers list on Fridays trading session with the shares advancing 0.82% or 0.38 points. Due to strong positive momentum, the stock ended at $46.94, which is also near the day’s high of $47.11. The stock began the session at $46.65 and the volume stood at 19,63,723 shares. The 52-week high of the shares is $55.5 and the 52 week low is $40.303333. The company has a current market capitalization of $26,597 M and it has 56,66,19,340 shares in outstanding.

Monster Beverage Corporation(MNST) last announced its earnings results on Mar 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $753.765M. Analysts had an estimated revenue of $722.660M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.3.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2017, Mark J Hall (Chief Marketing Officer – MEC) sold 93,000 shares at $46.12 per share price.Also, On Mar 10, 2017, Harold C Jr Taber (director) sold 15,000 shares at $47.06 per share price.On Mar 8, 2017, Sydney Selati (director) sold 4,000 shares at $47.15 per share price, according to the Form-4 filing with the securities and exchange commission.

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