Monster Beverage Corporation (NASDAQ:MNST) Advances 13.07% in Pre-market

Shares of Monster Beverage, the hugely popular American energy drinks manufacturer, are up over 15% Thursday morning after the company reported fourth-quarter 2016 results that beat Wall Street expectations.

Earnings Surprise: According to the earnings report released for Quarter Ending_Sep-16, The Company posted actual earnings of $0.34 per share whereas the Analysts projected earnings were $0.37 per share. The timing of the share repurchases will depend on several factors, including market conditions, the company said. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 3.30. The stock now has a Market Cap of $24.18B. They now have a $55.00 price objective on the stock. Monster Beverage Corporation is expected to lift sales by 10.96% in next year to $3.34B.

On 03/01/2017 close, Monster Beverage Corporation (NASDAQ:MNST) rose 1.38% to $42.01. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/03/02/cowen-and-company-reiterates-outperform-rating-for-monster-beverage-co-mnst.html. Inside the closing six months period the stock's performance declined -20.84% while overall yearly performance lost -0.94%. The stock has a market cap of $25.41 billion, a P/E ratio of 39.96 and a beta of 0.83.

More analysts at Reuters have a buy or better ratings (13) on the Monster Beverage Corporation stock than those who have a hold (4) rating while the 12-month target price suggested by the average analysts is $53.87.

Vermillion, Inc. (NASDAQ:VRML)'s stock has performed at 147.37%. The company's revenue was up 16.8% on a year-over-year basis. License revenues were $190.5 million, up 35% year-over-year. The difference between actual earnings and estimated earnings was $0.03 per share. Operating cash flow was $102.5 million with free cash flow of $84.4 million. (NASDAQ:SPLK) shares moved to $63.70 after starting the day at $62.47. Vetr raised Monster Beverage Corporation from a sell rating to a hold rating and set a $43.62 price target on the stock in a report on Wednesday, November 30th.

At the movement VMware, Inc. Bank of The West now owns 49,540 shares of the company's stock valued at $7,961,000 after buying an additional 11,874 shares during the period. Having a look at the historical EPS report, the company attained $1 EPS for the previous year. Analysts mean target price for VMware, Inc. A lower P/B ratio could mean that the stock is undervalued. And the worst performing S&P 500 component thus far on the day is Kroger, trading down 2.8%.

Monster also announced another step forward in its stock buyback program. 4,257,839 shares of the stock were exchanged. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from no analyst of Thomson Reuters, 12 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. The correct version of this article can be accessed at https://www.com-unik.info/2017/02/28/monster-beverage-co-mnst-given-new-55-00-price-target-at-stifel-nicolaus.html.

  • Zachary Reyes