Celsius Holdings Inc Gets a Buy Rating from B.Riley FBR


In a report released today, Jeff Van Sinderen from B.Riley FBR maintained a Buy rating on Celsius Holdings Inc (NASDAQ: CELH), with a price target of $8. The company’s shares opened today at $5.

Van Sinderen commented:

“Celsius Holdings (CELH) reports 1Q results AMC on 5/10. We expect a solid quarter overall, as the brand continued to resonate well. The company also has announced positive developments since reporting 4Q, and these should positively impact sales going forward. On 3/29, CELH announced that it entered the drug store channel through approximately 550 CVS stores in the U.S. and simultaneously rolled out two banners of the Ahold Delhaize empire: Hannaford (in the U.S.). On 4/17, the company announced the appointment of John Fieldly as CEO and interim CFO, after he had served dually as CFO and interim CEO since March 2017. Our checks still indicate that the product has a strong and growing domestic following, and we saw distribution increase for the Original, Natural, and HEAT lines.”

According to TipRanks.com, Sinderen is ranked 0 out of 5 stars with an average return of -3.6% and a 45.0% success rate. Sinderen covers the Services sector, focusing on stocks such as Tilly’s Inc, Kirkland’s, and Zumiez Inc.

Celsius Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $8.

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Based on Celsius Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.21 million. In comparison, last year the company had a GAAP net loss of $1.88 million.

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Celsius Holdings, Inc. engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.

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