SodaStream International Ltd. (SODA) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of SodaStream International Ltd. (NASDAQ:SODA) from a hold rating to a buy rating in a research note released on Friday. They currently have $28.00 price target on the stock.
According to Zacks, “SodaStream International Ltd. is engaged in the manufacture of home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO 2) cylinders, as well as consumables, consisting of CO 2 refills, reusable carbonation bottles and flavors to add to the carbonated water. Its products are sold under the brand name SodaStream and Soda-Club. SodaStream’s products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, the Company’s products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. SodaStream International Ltd. is headquartered in Airport City, Israel. “
Several other equities research analysts have also commented on the stock. Jefferies Group dropped their price target on shares of SodaStream International from $31.00 to $26.00 and set a hold rating on the stock in a research note on Wednesday, October 12th. Susquehanna reiterated a hold rating and issued a $20.00 price objective on shares of SodaStream International in a report on Sunday, July 3rd. Finally, Roth Capital cut shares of SodaStream International from a buy rating to a neutral rating and increased their price objective for the company from $22.00 to $33.00 in a report on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $24.14.
SodaStream International (NASDAQ:SODA) opened at 24.57 on Friday. The firm has a market capitalization of $519.31 million, a P/E ratio of 27.30 and a beta of 1.03. SodaStream International has a one year low of $11.66 and a one year high of $30.70. The firm has a 50-day moving average price of $26.43 and a 200 day moving average price of $22.42.
SodaStream International (NASDAQ:SODA) last announced its quarterly 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 net margin of 4.28% and a return on equity of 6.91%. The company had revenue of $119.20 million for the quarter, compared to analyst estimates of $105.72 million. During the same quarter last year, the business earned $0.17 earnings per share. SodaStream International’s revenue was up 19.4% compared to the same quarter last year. Equities research analysts anticipate that SodaStream International will post $1.14 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of SODA. Eqis Capital Management Inc. boosted its stake in shares of SodaStream International by 0.6% in the third quarter. Eqis Capital Management Inc. now owns 11,593 shares of the company’s stock worth $308,000 after buying an additional 65 shares during the last quarter. State Street Corp boosted its stake in shares of SodaStream International by 2.6% in the second quarter. State Street Corp now owns 16,843 shares of the company’s stock worth $359,000 after buying an additional 427 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of SodaStream International by 3.4% in the first quarter. Scotia Capital Inc. now owns 16,785 shares of the company’s stock worth $236,000 after buying an additional 550 shares during the last quarter. United Services Automobile Association boosted its stake in shares of SodaStream International by 2.9% in the second quarter. United Services Automobile Association now owns 85,840 shares of the company’s stock worth $1,831,000 after buying an additional 2,400 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake 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. Hedge funds and other institutional investors own 38.90% 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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