Credit Suisse Group Upgrades Celsius (NASDAQ:CELH) to “Outperform”

Celsius (NASDAQ:CELH) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Friday, Briefing.com reports. The brokerage presently has a $78.00 price objective on the stock, up from their prior price objective of $57.00. Credit Suisse Group’s price objective indicates a potential upside of 26.32% from the company’s previous close.

A number of other brokerages have also recently weighed in on CELH. B. Riley upped their price target on shares of Celsius from $74.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, May 14th. LADENBURG THALM/SH SH upgraded shares of Celsius from a “neutral” rating to a “buy” rating in a research report on Thursday, March 11th. Finally, Zacks Investment Research upgraded shares of Celsius from a “sell” rating to a “hold” rating in a report on Wednesday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Celsius presently has a consensus rating of “Buy” and a consensus price target of $57.17.

Shares of Celsius stock opened at $61.75 on Friday. Celsius has a fifty-two week low of $8.61 and a fifty-two week high of $83.00. The stock has a 50 day simple moving average of $59.05. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 561.41 and a beta of 2.12.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, May 13th. The company reported $0.01 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.01. Celsius had a return on equity of 8.89% and a net margin of 5.61%. The business had revenue of $50.00 million for the quarter, compared to analysts’ expectations of $38.75 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 77.3% compared to the same quarter last year. On average, equities research analysts expect that Celsius will post 0.13 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. King Luther Capital Management Corp bought a new position in shares of Celsius during the fourth quarter valued at approximately $2,305,000. ExodusPoint Capital Management LP raised its position in shares of Celsius by 290.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 98,402 shares of the company’s stock worth $4,951,000 after acquiring an additional 73,179 shares in the last quarter. Spearhead Capital Advisors LLC purchased a new stake in Celsius during the 1st quarter valued at about $318,000. Next Century Growth Investors LLC boosted its position in Celsius by 27.7% during the fourth quarter. Next Century Growth Investors LLC now owns 603,455 shares of the company’s stock worth $30,359,000 after purchasing an additional 130,906 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Celsius during the fourth quarter valued at approximately $348,000. 64.71% of the stock is owned by institutional investors.

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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