Brokerages Set SodaStream International Ltd. (NASDAQ:SODA) Target Price at $24.67
Shares of SodaStream International Ltd. (NASDAQ:SODA) have received a consensus recommendation of “Hold” from the seven research firms that are covering the firm. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.67.
A number of analysts have issued reports on SODA shares. Susquehanna reissued a “hold” rating and issued a $20.00 target price on shares of SodaStream International in a research report on Sunday, July 3rd. Zacks Investment Research raised SodaStream International from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research report on Friday, August 5th. Jefferies Group reaffirmed a “hold” rating and set a $23.00 price objective (up previously from $21.00) on shares of SodaStream International in a research report on Friday, July 15th. Finally, Roth Capital lowered SodaStream International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $33.00 in a research report on Wednesday, August 3rd.
Shares of SodaStream International (NASDAQ:SODA) opened at 26.56 on Monday. SodaStream International has a 12-month low of $11.66 and a 12-month high of $30.70. The firm’s 50-day moving average price is $27.70 and its 200 day moving average price is $21.39. The company has a market cap of $561.37 million, a price-to-earnings ratio of 29.51 and a beta of 1.00.
SodaStream International (NASDAQ:SODA) last announced its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The company had revenue of $119.20 million for the quarter, compared to analyst estimates of $105.72 million. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, analysts predict that SodaStream International will post $1.14 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position in shares of SodaStream International by 178.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,971 shares of the company’s stock worth $106,000 after buying an additional 3,183 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of SodaStream International during the second quarter worth approximately $175,000. Acrospire Investment Management LLC purchased a new position in shares of SodaStream International during the second quarter worth approximately $180,000. C M Bidwell & Associates Ltd. purchased a new position in shares of SodaStream International during the second quarter worth approximately $187,000. Finally, Trexquant Investment LP purchased a new position in shares of SodaStream International during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 38.94% of the company’s stock.
SodaStream International Company Profile
SodaStream International Ltd. (SodaStream) is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).
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