Maxim Group analyst Anthony Vendetti reiterated a Buy rating on Celsius Holdings Inc (CELH) yesterday and set a price target of $8. The company’s shares closed last Monday at $3.66.
Vendetti observed:
“Market close, Celsius announced it entered into an agreement to acquire Func Foods for $24.6M. The purchase price consists of approximately $15.1M in cash and the assumption of $9.5M of outstanding debt.”
According to TipRanks.com, Vendetti is a 2-star analyst with an average return of 0.0% and a 43.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Ra Medical Systems Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Celsius Holdings Inc with a $9.67 average price target, implying a 164.2% upside from current levels. In a report issued on September 13, B.Riley FBR also reiterated a Buy rating on the stock with a $10 price target.
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Celsius Holdings Inc’s market cap is currently $239.6M and has a P/E ratio of 56.94. The company has a Price to Book ratio of 8.46.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CELH in relation to earlier this year.
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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.
