JPMorgan Chase & Co. Issues Pessimistic Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target reduced by research analysts at JPMorgan Chase & Co. from $77.00 to $67.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 99.58% from the company’s previous close.

CELH has been the topic of several other reports. Citigroup lowered their price objective on shares of Celsius from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $65.00 target price (up from $61.00) on shares of Celsius in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $41.00 price target on Celsius in a report on Thursday. UBS Group dropped their price target on Celsius from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. 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 company presently has an average rating of “Moderate Buy” and an average price target of $65.17.

Celsius Trading Down 0.5%

NASDAQ CELH traded down $0.16 on Monday, hitting $33.57. 6,657,246 shares of the company were exchanged, compared to its average volume of 5,841,009. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.68 and a quick ratio of 1.37. Celsius has a twelve month low of $32.01 and a twelve month high of $66.74. The firm has a market capitalization of $8.62 billion, a P/E ratio of 134.28, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. The company’s 50 day moving average price is $39.53 and its 200-day moving average price is $45.74.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The business had revenue of $721.63 million for the quarter, compared to the consensus estimate of $638.17 million. During the same period last year, the firm posted ($0.11) earnings per share. The firm’s quarterly revenue was up 117.2% compared to the same quarter last year. Analysts predict that Celsius will post 1.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently bought and sold shares of CELH. Harbor Investment Advisory LLC acquired a new position in shares of Celsius during the 3rd quarter valued at about $27,000. Brown Brothers Harriman & Co. boosted its position in Celsius by 1,020.4% during the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Celsius during the fourth quarter valued at approximately $31,000. Fideuram Asset Management Ireland dac acquired a new position in Celsius during the fourth quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Celsius by 697.3% in the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after purchasing an additional 788 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Celsius Company Profile

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.