Bank of America Cuts Celsius (NASDAQ:CELH) Price Target to $26.00

Celsius (NASDAQ:CELH) had its price objective reduced by Bank of America from $32.00 to $26.00 in a research report sent to investors on Thursday morning, Benzinga reports. Bank of America currently has an underperform rating on the stock.

A number of other equities analysts also recently commented on the stock. Jefferies Financial Group reduced their target price on shares of Celsius from $68.00 to $53.00 and set a buy rating on the stock in a research note on Thursday. UBS Group dropped their target price on Celsius from $70.00 to $64.00 and set a buy rating for the company in a research report on Wednesday, August 7th. Maxim Group decreased their target price on Celsius from $65.00 to $50.00 and set a buy rating for the company in a report on Thursday. BNP Paribas started coverage on Celsius in a report on Monday, June 24th. They set an outperform rating and a $87.00 price target on the stock. Finally, B. Riley decreased their price objective on Celsius from $80.00 to $73.00 and set a buy rating for the company in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $57.64.

Celsius Stock Down 0.2 %

CELH opened at $31.96 on Thursday. Celsius has a twelve month low of $31.55 and a twelve month high of $99.62. The company has a market cap of $7.45 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.57 and a beta of 1.90. The company has a 50-day moving average price of $45.15 and a 200 day moving average price of $66.48.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million during 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 was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. As a group, sell-side analysts expect that Celsius will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently made changes to their positions in CELH. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius during the first quarter worth $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after acquiring an additional 374 shares in the last quarter. Rise Advisors LLC increased its stake in shares of Celsius by 1,370.0% during the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the period. Transcendent Capital Group LLC purchased a new position in Celsius during the fourth quarter worth about $25,000. Finally, Beacon Capital Management LLC acquired a new stake in Celsius in the first quarter valued at about $40,000. Institutional investors and hedge funds 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.