SodaStream International Ltd. (SODA) Given Average Rating of “Hold” by Analysts
Shares of SodaStream International Ltd. (NASDAQ:SODA) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $57.67.
A number of equities research analysts have issued reports on the company. BidaskClub cut SodaStream International from a “buy” rating to a “hold” rating in a research note on Wednesday. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $79.00 target price (up from $58.00) on shares of SodaStream International in a research note on Tuesday. Zacks Investment Research cut SodaStream International from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. UBS AG upgraded SodaStream International from a “neutral” rating to a “positive” rating in a research note on Thursday. Finally, Jefferies Group LLC set a $55.00 target price on SodaStream International and gave the company a “hold” rating in a research note on Saturday, July 29th.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of SodaStream International by 105.6% in the first quarter. Bank of America Corp DE now owns 2,921 shares of the company’s stock worth $142,000 after buying an additional 55,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of SodaStream International during the first quarter worth approximately $151,000. Caxton Associates LP acquired a new position in shares of SodaStream International during the first quarter worth approximately $243,000. Private Advisory Group LLC acquired a new position in shares of SodaStream International during the first quarter worth approximately $246,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of SodaStream International during the first quarter worth approximately $262,000. 45.52% of the stock is currently owned by institutional investors.
Shares of SodaStream International (NASDAQ SODA) traded up 0.83% during trading on Friday, hitting $62.29. 699,145 shares of the stock were exchanged. SodaStream International has a 12-month low of $23.77 and a 12-month high of $63.25. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 25.56 and a beta of 1.20. The firm has a 50 day moving average of $54.34 and a 200-day moving average of $50.81.
SodaStream International (NASDAQ:SODA) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.13. SodaStream International had a return on equity of 15.33% and a net margin of 11.89%. The firm had revenue of $130.60 million for the quarter, compared to analysts’ expectations of $129.33 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts forecast that SodaStream International will post $2.58 earnings per share for the current year.
SodaStream International Company Profile
SodaStream International Ltd. 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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