B.Riley FBR analyst Jeff Van Sinderen reiterated a Buy rating on Celsius Holdings (CELH) today and set a price target of $27.00. The company’s shares closed last Thursday at $20.83, close to its 52-week high of $21.00.
According to TipRanks.com, Sinderen is a 5-star analyst with an average return of 10.6% and a 49.3% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Waitr Holdings, and Tilly’s.
Celsius Holdings has an analyst consensus of Strong Buy, with a price target consensus of $22.63, a 20.7% upside from current levels. In a report released yesterday, Roth Capital also maintained a Buy rating on the stock with a $25.00 price target.
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Based on Celsius Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $28.18 million and net profit of $546.1K. In comparison, last year the company earned revenue of $14.49 million and had a net profit of $11.66 million.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is neutral on the stock.
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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.
