Celsius (NASDAQ:CELH) Price Target Cut to $60.00 by Analysts at Citigroup

Celsius (NASDAQ:CELHFree Report) had its price target trimmed by Citigroup from $65.00 to $60.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. KeyCorp assumed coverage on shares of Celsius in a research report on Tuesday, December 16th. They issued a “sector weight” rating on the stock. Needham & Company LLC lifted their target price on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Celsius from a “hold” rating to a “buy” rating and decreased their price target for the company from $56.00 to $44.00 in a research note on Monday, March 30th. Piper Sandler restated an “overweight” rating and set a $65.00 price objective (up from $61.00) on shares of Celsius in a research report on Thursday, January 29th. Finally, UBS Group reduced their price objective on Celsius from $72.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Twenty equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.89.

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Celsius Trading Up 2.2%

Shares of Celsius stock opened at $35.28 on Wednesday. Celsius has a 12-month low of $32.36 and a 12-month high of $66.74. The stock has a market cap of $9.07 billion, a P/E ratio of 141.12, a P/E/G ratio of 1.28 and a beta of 1.13. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $42.17 and its 200-day moving average is $47.87.

Celsius (NASDAQ:CELHGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The company had revenue of $721.63 million for the quarter, compared to analysts’ expectations of $638.17 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue was up 117.2% compared to the same quarter last year. Equities research analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in Celsius in the 3rd quarter valued at $27,000. Flagship Harbor Advisors LLC acquired a new position in Celsius in the 4th quarter valued at $31,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $31,000. Brown Brothers Harriman & Co. raised its position in shares of Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Celsius in the fourth quarter valued at approximately $46,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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About Celsius

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Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.

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