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

In a report released today, Jeff Van Sinderen from B.Riley FBR reiterated a Buy rating on Celsius Holdings Inc (CELH), with a price target of $9. The company’s shares closed yesterday at $4.81.

Van Sinderen noted:

“Celsius (CELH) 2Q sales/EBITDA (reported BMO 8/8) exceeded. Total sales grew 73% in 2Q, while domestic revenue grew 69% to $14.4M, well above our $11.4M estimate. GM was 42.6%, above our 40.3% estimate. International was up 119% overall. Asia was significantly positive, reflecting strength outside of China. The company is gaining traction in Malaysia where CELH product will be sold in up to 2,000 7-Eleven stores. Europe was up 64% as Nordic region sales grew ~70%, driven in large part by the popularity of new Peach Vibe and passion fruit flavors. The Nordic business represents a gateway for growth in Europe. CELH products are soon to be available in additional stores in Norway and Finland, while the company is working on other European countries.”

According to TipRanks.com, Sinderen is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.8% and a 42.8% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Chromadex Corp, and Steven Madden.

Currently, the analyst consensus on Celsius Holdings Inc is a Moderate Buy with an average price target of $8.50.

See today’s analyst top recommended stocks >>

Based on Celsius Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.66 million. In comparison, last year the company had a GAAP net loss of $3.35 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts