Celsius (NASDAQ:CELH) Price Target Lowered to $51.00 at Stifel Nicolaus

Celsius (NASDAQ:CELH) had its target price lowered by Stifel Nicolaus from $61.00 to $51.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

CELH has been the topic of several other reports. Roth Mkm decreased their price objective on shares of Celsius from $75.00 to $65.00 and set a buy rating on the stock in a research report on Wednesday, August 7th. Wedbush reduced their price target on shares of Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. Jefferies Financial Group reduced their price target on shares of Celsius from $98.00 to $68.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Morgan Stanley reiterated an equal weight rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Finally, Truist Financial reduced their price target on shares of Celsius from $60.00 to $45.00 and set a hold rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $57.64.

Celsius Trading Down 0.2 %

CELH stock opened at $31.96 on Thursday. The company’s 50 day moving average is $45.15 and its 200 day moving average is $66.50. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 1.57 and a beta of 1.85. Celsius has a 1-year low of $31.55 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. As a group, sell-side analysts forecast that Celsius will post 1 EPS for the current fiscal year.

Institutional Trading of Celsius

A number of institutional investors have recently made changes to their positions in CELH. Truist Financial Corp boosted its stake in shares of Celsius by 267.2% during the fourth quarter. Truist Financial Corp now owns 26,776 shares of the company’s stock valued at $1,460,000 after purchasing an additional 19,484 shares during the period. Precision Wealth Strategies LLC lifted its stake in Celsius by 199.3% in the fourth quarter. Precision Wealth Strategies LLC now owns 6,004 shares of the company’s stock worth $327,000 after acquiring an additional 3,998 shares during the period. Van ECK Associates Corp purchased a new stake in Celsius in the fourth quarter worth $614,000. Kestra Private Wealth Services LLC purchased a new stake in Celsius in the fourth quarter worth $252,000. Finally, Swiss National Bank lifted its stake in Celsius by 327.4% in the fourth quarter. Swiss National Bank now owns 468,900 shares of the company’s stock worth $25,564,000 after acquiring an additional 359,200 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.