SodaStream International Ltd. (SODA) Given New $35.00 Price Target at Jefferies Group
SodaStream International Ltd. (NASDAQ:SODA) had its price target raised by Jefferies Group from $31.00 to $35.00 in a research report sent to investors on Wednesday. Jefferies Group currently has a hold rating on the stock.
A number of other equities analysts have also commented on SODA. Roth Capital lowered SodaStream International from a buy rating to a neutral rating and lifted their price objective for the stock from $22.00 to $33.00 in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded SodaStream International from a hold rating to a strong-buy rating and set a $32.00 price objective on the stock in a research note on Friday, August 5th. Susquehanna reiterated a hold rating on shares of SodaStream International in a research note on Monday, August 22nd. Finally, JPMorgan Chase & Co. set a $39.00 price objective on SodaStream International and gave the stock a hold rating in a research note on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $32.60.
SodaStream International (NASDAQ:SODA) opened at 36.42 on Wednesday. SodaStream International has a one year low of $11.66 and a one year high of $37.08. The company’s 50-day moving average price is $28.67 and its 200-day moving average price is $25.51. The stock has a market capitalization of $771.99 million, a PE ratio of 24.57 and a beta of 1.16.
SodaStream International (NASDAQ:SODA) last posted its earnings results on Thursday, November 10th. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.45. SodaStream International had a return on equity of 9.60% and a net margin of 6.92%. The company had revenue of $124.20 million for the quarter, compared to analyst estimates of $115.05 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. Equities research analysts predict that SodaStream International will post $1.67 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in SODA. Scotia Capital Inc. increased its stake in SodaStream International by 12.2% in the second quarter. Scotia Capital Inc. now owns 18,835 shares of the company’s stock worth $402,000 after buying an additional 2,050 shares during the period. Trexquant Investment LP bought a new stake in SodaStream International during the second quarter worth $200,000. BlackRock Institutional Trust Company N.A. increased its stake in 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. BlackRock Group LTD increased its stake in SodaStream International by 399.7% in the second quarter. BlackRock Group LTD now owns 19,495 shares of the company’s stock worth $416,000 after buying an additional 15,594 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in SodaStream International during the second quarter worth $249,000. 41.09% of the stock is currently owned by institutional investors and hedge funds.
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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