Credit Suisse Group Initiates Coverage on Celsius (NASDAQ:CELH)


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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.

Celsius (NASDAQ:CELH) last released its earnings results on Wednesday, March 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $35.70 million for the quarter, compared to analyst estimates of $34.63 million. Celsius had a net margin of 4.77% and a return on equity of 8.28%. The business’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS. As a group, research analysts expect that Celsius will post 0.13 EPS for the current fiscal year.

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.

About Celsius

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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Analyst Recommendations for Celsius (NASDAQ:CELH)

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