Jefferies Group Cuts SodaStream International Ltd. (SODA) Price Target to $26.00
SodaStream International Ltd. (NASDAQ:SODA) had its target price decreased by Jefferies Group from $31.00 to $26.00 in a research note released on Wednesday morning. Jefferies Group currently has a hold rating on the stock.
A number of other research firms also recently weighed in on SODA. Zacks Investment Research downgraded SodaStream International from a buy rating to a hold rating in a research note on Wednesday, July 13th. Susquehanna reaffirmed a hold rating and set a $20.00 price target on shares of SodaStream International in a research note on Sunday, July 3rd. Finally, Roth Capital downgraded SodaStream International from a buy rating to a neutral rating and upped their price target for the stock from $22.00 to $33.00 in a research note on Wednesday, August 3rd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. SodaStream International has an average rating of Hold and a consensus target price of $24.14.
SodaStream International (NASDAQ:SODA) opened at 24.59 on Wednesday. SodaStream International has a 1-year low of $11.66 and a 1-year high of $30.70. The company has a market capitalization of $519.73 million, a P/E ratio of 27.32 and a beta of 1.03. The firm has a 50-day moving average price of $26.67 and a 200-day moving average price of $22.16.
SodaStream International (NASDAQ:SODA) last announced its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.21 by $0.16. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The company had revenue of $119.20 million for the quarter, compared to analyst estimates of $105.72 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, analysts forecast that SodaStream International will post $1.14 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Nantahala Capital Management LLC increased its stake in shares of SodaStream International by 3.0% in the first quarter. Nantahala Capital Management LLC now owns 1,410,806 shares of the company’s stock valued at $19,864,000 after buying an additional 40,829 shares during the period. Menora Mivtachim Holdings LTD. raised its position in SodaStream International by 10.2% in the second quarter. Menora Mivtachim Holdings LTD. now owns 566,836 shares of the company’s stock valued at $12,091,000 after buying an additional 52,323 shares in the last quarter. Granahan Investment Management Inc. MA raised its position in SodaStream International by 2.6% in the first quarter. Granahan Investment Management Inc. MA now owns 436,106 shares of the company’s stock valued at $6,140,000 after buying an additional 10,920 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in SodaStream International by 2.4% in the second quarter. Parametric Portfolio Associates LLC now owns 236,050 shares of the company’s stock valued at $5,035,000 after buying an additional 5,568 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in SodaStream International during the second quarter valued at about $4,964,000. 38.90% of the stock is owned by hedge funds and other institutional investors.
About SodaStream International
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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