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

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

Other equities research analysts also recently issued research reports about the stock. Wedbush cut their price objective on shares of Celsius from $85.00 to $83.00 and set an outperform rating for the company in a research report on Wednesday, June 12th. UBS Group cut their price target on Celsius from $70.00 to $64.00 and set a buy rating for the company in a report on Wednesday, August 7th. Roth Mkm decreased their price objective on Celsius from $75.00 to $65.00 and set a buy rating on the stock in a research note on Wednesday, August 7th. Bank of America downgraded Celsius from a neutral rating to an underperform rating and cut their price objective for the company from $60.00 to $32.00 in a research note on Thursday, August 8th. Finally, Morgan Stanley restated an equal weight rating and set a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $57.64.

Celsius Stock Performance

CELH stock opened at $31.96 on Thursday. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 1.57 and a beta of 1.90. The business’s 50-day moving average is $45.15 and its two-hundred day moving average is $66.48. Celsius has a fifty-two week low of $31.55 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last issued 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 firm 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%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 EPS. Equities analysts predict that Celsius will post 1 earnings per share for the current year.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently bought and sold shares of CELH. Covestor Ltd raised its holdings in shares of Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after acquiring an additional 127 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Celsius by 0.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after purchasing an additional 181 shares in the last quarter. Moody National Bank Trust Division raised its stake in Celsius by 1.1% during the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after purchasing an additional 181 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Celsius by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after purchasing an additional 249 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.