Monster Beverage Reaches New 52-Week High (MNST)

NEW YORK ( TheStreet) -- Monster Beverage (Nasdaq: MNST) hit a new 52-week high Tuesday as it is currently trading at $59.99, above its previous 52-week high of $59.93 with 20,491 shares traded as of 9:30 a.m. ET. Average volume has been 834,400 shares over the past 30 days.

Monster Beverage has a market cap of $9.26 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 29.3% year to date as of the close of trading on Monday.

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. The company has a P/E ratio of 38.9, below the average food & beverage industry P/E ratio of 44.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Monster Beverage as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Monster Beverage Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Here Is the Biggest Risk to the Bull Market You're Missing

Here Is the Biggest Risk to the Bull Market You're Missing

Use Technical Analysis to Win: Cramer's 'Mad Money' Recap (Wednesday, 12/27/17)

Use Technical Analysis to Win: Cramer's 'Mad Money' Recap (Wednesday, 12/27/17)

The Method to My Investing Madness: Cramer's 'Mad Money' Recap (Tues 12/26/17)

The Method to My Investing Madness: Cramer's 'Mad Money' Recap (Tues 12/26/17)

Monster Beverage Still Looks Explosive

Monster Beverage Still Looks Explosive

How to Profit With Technical Analysis: Cramer's 'Mad Money' Recap (Wed 11/22/17)

How to Profit With Technical Analysis: Cramer's 'Mad Money' Recap (Wed 11/22/17)