Monster Beverage Corporation (NASDAQ:MNST) In Potential Pullback Zone

The stock of Monster Beverage Corporation (NASDAQ:MNST) reached all time high today, Nov, 13 and still has $66.66 target or 9.00 % above today's $61.16 share price. Stifel Nicolaus now has a $61.00 price objective on the stock, up from their previous price objective of $57.00.

Investors looking to minimize volatility risk may look to hold a larger number of diversified stocks in the portfolio. BMO Capital Markets reaffirmed a "buy" rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, September 6th. Macquarie started coverage on Monster Beverage Corporation in a research note on Thursday, September 14th. They set an outperform rating and a $65.00 target price on the stock.

Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

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Evolent Health, Inc. (NYSE:EVH) posting a -4.70% after which it closed the day' session at $11.15 and the company has experienced volume of 3,966,405 shares while on average the company has a capacity of trading 1.87M share while its relative trading volume is 2.12. Analysts‟ target price forecasts are a prediction of a stock‟s future price, generally over the 12 months following the release date (Asquith et al., 2005).

In the market the company is trading up by 0.14% percent from yesterday's close. At recent closing price of $62.2, MNST has a chance to give up $-0.73 or -1.17% in 52 weeks, based on mean target price ($61.47) placed by analysts.The analyst consensus opinion of 2 looks like a hold. Currently, Washington Prime Group Inc.net profit margin for the 12 months is at 25.65%.

WPG's revenue has grown at an average annualized rate of about 8.1% during the past five years. During the same quarter in the previous year, the firm posted $0.34 earnings per share. research analysts forecast that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. At the moment, the average analyst rating for MNST is Moderate Buy. The Return on Investment (ROI) ratio of Monster Beverage Corporation (MNST) is 21.6 percent. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the director now directly owns 52,000 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Amalgamated Bank added to its holdings by buying 1,248 shares an increase of 2.6%. The firm owned 2,032,383 shares of the company's stock after selling 64,114 shares during the period. The overall volume in the last trading session was 2.84 million shares. Sun Life Financial INC lifted its stake in Monster Beverage Corporation by 29,250.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 8,291 shares of the company's stock worth $383,000 after purchasing an additional 812 shares during the period. Tudor Investment Corp ET AL boosted its stake in Monster Beverage Corporation by 16.1% in the 1st quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company's stock valued at $1,142,000 after acquiring an additional 16,426 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Monster Beverage Corporation by 397.6% in the 3rd quarter. Hedge funds and other institutional investors own 67.41% of the company's stock. Monster Beverage Corp had 71 analyst reports since July 27, 2015 according to SRatingsIntel. 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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