Zacks: Brokerages Set $8.00 Target Price for Celsius Holdings Inc. (CELH)
Celsius Holdings Inc. (NASDAQ:CELH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $8.00 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given Celsius Holdings an industry rank of 126 out of 265 based on the ratings given to related companies.
CELH has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Celsius Holdings in a research note on Monday, August 21st. Zacks Investment Research raised Celsius Holdings from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research note on Thursday, November 9th. Finally, TheStreet raised Celsius Holdings from a “d” rating to a “c” rating in a research note on Monday, August 28th.
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Shares of Celsius Holdings (CELH) traded up $0.03 during midday trading on Friday, hitting $5.30. The company had a trading volume of 12,400 shares, compared to its average volume of 64,519. Celsius Holdings has a 1 year low of $2.23 and a 1 year high of $7.00. The company has a quick ratio of 3.31, a current ratio of 3.79 and a debt-to-equity ratio of 0.16.
Celsius Holdings (NASDAQ:CELH) last issued its earnings results on Wednesday, November 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $10.79 million for the quarter. Celsius Holdings had a negative return on equity of 18.23% and a negative net margin of 10.37%. research analysts forecast that Celsius Holdings will post -0.11 earnings per share for the current fiscal year.
Celsius Holdings Company Profile
Celsius Holdings, Inc is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company’s product range includes Sparkling Grape Rush, Sparkling Watermelon, Sparkling Orange, Sparkling Wild Berry, Sparkling Cola, Raspberry Acai Green Tea, Peach Mango Green Tea, Flo Fusion Orange and Flo Fusion Berry.
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