SodaStream International Ltd. (SODA) Sees Strong Trading Volume
Shares of SodaStream International Ltd. (NASDAQ:SODA) saw strong trading volume on Friday . 598,224 shares were traded during trading, an increase of 91% from the previous session’s volume of 313,863 shares.The stock last traded at $23.90 and had previously closed at $22.30.
A number of research analysts have recently commented on the company. Susquehanna reaffirmed a “hold” rating and set a $20.00 target price on shares of SodaStream International in a research note on Sunday, July 3rd. Zacks Investment Research raised SodaStream International from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, June 29th. Roth Capital reaffirmed a “buy” rating on shares of SodaStream International in a research note on Thursday, May 12th. Finally, Jefferies Group upped their target price on SodaStream International from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, May 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. SodaStream International presently has a consensus rating of “Hold” and a consensus target price of $18.86.
The firm has a 50 day moving average price of $21.03 and a 200-day moving average price of $16.20. The company has a market capitalization of $492.69 million and a P/E ratio of 40.89.
SodaStream International (NASDAQ:SODA) last released its earnings results on Tuesday, May 10th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.18. During the same period last year, the business earned $0.40 earnings per share. The business earned $100.90 million during the quarter, compared to analysts’ expectations of $89.42 million. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts forecast that SodaStream International Ltd. will post $0.92 EPS for the current year.
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 in seconds. It develops, manufactures and sells sparkling water makers and exchangeable carbon-dioxide cylinders, as well as consumables, consisting of carbon-dioxide refills, reusable carbonation bottles and flavors to add to the sparkling water.
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