Celsius Holdings (CELH) Gets a Buy Rating from Maxim Group

Maxim Group analyst Anthony Vendetti maintained a Buy rating on Celsius Holdings (CELHResearch Report) yesterday and set a price target of $8.00. The company’s shares closed last Monday at $3.95.

According to TipRanks.com, Vendetti is a 3-star analyst with an average return of 1.2% and a 44.4% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Milestone Scientific, Restoration Robotics, and Ellex Medical Lasers.

Currently, the analyst consensus on Celsius Holdings is a Strong Buy with an average price target of $9.67, a 141.1% upside from current levels. In a report issued on November 4, B.Riley FBR also reiterated a Buy rating on the stock with a $10.00 price target.

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Celsius Holdings’ market cap is currently $259.3M and has a P/E ratio of 61.62. The company has a Price to Book ratio of 9.15.

Based on the recent corporate insider activity of 10 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.