JP Morgan slashes price target on Monster Beverage Corp. [MNST] – find out why.

Monster Beverage Corp. [NASDAQ: MNST] gained 0.27% on the last trading session, reaching $55.59 price per share at the time. The company report on January 8, 2024 at 5:47 PM that Monster Beverage Announces Webcast Details for Investor Meeting/Business Update January 16, 2024.

The Company’s presentation will be open to all interested parties as a live webcast at, under the “Events & Presentations” section, at approximately 4:45 p.m. Eastern Time. The event will be archived on the website for approximately one year.

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If compared to the average trading volume of 5.67M shares, MNST reached a trading volume of 5395903 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Monster Beverage Corp. [MNST]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MNST shares is $63.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MNST stock is a recommendation set at 1.88. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Monster Beverage Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 17, 2024.

The Average True Range (ATR) for Monster Beverage Corp. is set at 0.93, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 8.35. The Price to Book ratio for the last quarter was 7.35, with the Price to Cash per share for the same quarter was set at 2.89. Price to Free Cash Flow for MNST in the course of the last twelve months was 40.76 with Quick ratio for the last quarter at 3.76.

Trading performance analysis for MNST stock

Monster Beverage Corp. [MNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.30. With this latest performance, MNST shares dropped by -3.05% in over the last four-week period, additionally sinking by -4.40% over the last 6 months – not to mention a rise of 7.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MNST stock in for the last two-week period is set at 42.60, with the RSI for the last a single of trading hit 37.16, and the three-weeks RSI is set at 46.33 for Monster Beverage Corp. [MNST]. The present Moving Average for the last 50 days of trading for this stock 56.08, while it was recorded at 55.36 for the last single week of trading, and 55.96 for the last 200 days.

Monster Beverage Corp. [MNST]: A deeper dive into fundamental analysis

Monster Beverage Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.76 and a Current Ratio set at 4.51.

Monster Beverage Corp. [MNST]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Monster Beverage Corp. posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -9.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MNST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Monster Beverage Corp. go to 22.81%.

An analysis of Institutional ownership at Monster Beverage Corp. [MNST]

The top three institutional holders of MNST stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MNST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MNST stock with ownership which is approximately 5.8325%.