Morgan Stanley Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price objective reduced by analysts at Morgan Stanley from $46.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 43.64% from the stock’s previous close.

CELH has been the subject of a number of other research reports. Stifel Nicolaus reduced their target price on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. UBS Group lowered their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Maxim Group decreased their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Roth Mkm decreased their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.72.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $29.24 on Wednesday. Celsius has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The stock has a market cap of $6.87 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. The stock has a fifty day moving average of $30.10 and a 200-day moving average of $40.47.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after buying an additional 2,754,722 shares during the period. Geode Capital Management LLC increased its stake in shares of Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after buying an additional 104,896 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Celsius by 36.7% during the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after buying an additional 790,014 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

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.