Research analysts at Credit Suisse Group assumed coverage on shares of Celsius (NASDAQ:CELH) in a report released on Tuesday, The Fly reports. The firm set a “neutral” rating and a $50.00 price target on the stock. Credit Suisse Group’s target price suggests a potential downside of 3.40% from the company’s current price.
Several other analysts also recently commented on CELH. Maxim Group downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. LADENBURG THALM/SH SH raised shares of Celsius from a “neutral” rating to a “buy” rating in a research report on Thursday, March 11th. Finally, Zacks Investment Research raised shares of Celsius from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, February 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.83.
NASDAQ:CELH opened at $51.76 on Tuesday. The company has a market capitalization of $3.76 billion, a PE ratio of 739.53 and a beta of 2.17. The company has a 50 day simple moving average of $52.25 and a two-hundred day simple moving average of $42.07. Celsius has a fifty-two week low of $4.03 and a fifty-two week high of $70.66.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dorsey Wright & Associates grew its position in Celsius by 33.4% in the 4th quarter. Dorsey Wright & Associates now owns 1,934 shares of the company’s stock valued at $97,000 after purchasing an additional 484 shares during the period. Stelac Advisory Services LLC acquired a new stake in Celsius in the 4th quarter valued at $116,000. Lido Advisors LLC acquired a new stake in Celsius in the 4th quarter valued at $206,000. RSM US Wealth Management LLC acquired a new stake in Celsius in the 4th quarter valued at $239,000. Finally, Philadelphia Trust Co. acquired a new stake in Celsius in the 4th quarter valued at $252,000. 53.97% of the stock is owned by institutional investors and hedge funds.
Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, green tea/grapefruit melon, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.
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