SodaStream International Ltd. (NASDAQ:SODA)‘s stock had its “hold” rating reiterated by equities researchers at Susquehanna in a research report issued on Friday. They presently have a $30.00 price objective on the stock. Susquehanna’s price target would indicate a potential upside of 15.47% from the stock’s current price.
The analysts wrote, “As per internal policy, we are moving our price targets to Dec 2017 from Dec 2016. As part of this note we are also tweaking estimates.””
Several other equities research analysts also recently weighed in on SODA. Zacks Investment Research upgraded shares of SodaStream International from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, June 29th. Jefferies Group restated a “hold” rating and issued a $23.00 target price (up from $21.00) on shares of SodaStream International in a research note on Friday, July 15th. Finally, Roth Capital downgraded shares of SodaStream International from a “buy” rating to a “neutral” rating and raised their target price for the company from $22.00 to $33.00 in a research note on Wednesday, August 3rd. Seven analysts have rated the stock with a hold rating, SodaStream International has an average rating of “Hold” and a consensus target price of $25.43.
Shares of SodaStream International (NASDAQ:SODA) opened at 25.98 on Friday. SodaStream International has a 12 month low of $11.66 and a 12 month high of $30.70. The company has a market cap of $549.11 million, a P/E ratio of 28.87 and a beta of 1.03. The stock’s 50 day moving average is $27.11 and its 200-day moving average is $22.02.
SodaStream International (NASDAQ:SODA) last announced its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.16. The company earned $119.20 million during the quarter, compared to the consensus estimate of $105.72 million. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. SodaStream International’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. On average, equities analysts forecast that SodaStream International will post $1.14 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of SODA. Eqis Capital Management Inc. boosted its position 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 valued at $308,000 after buying an additional 65 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of SodaStream International during the second quarter valued at about $869,000. G2 Investment Partners Management LLC acquired a new position in shares of SodaStream International during the second quarter valued at about $783,000. C M Bidwell & Associates Ltd. acquired a new position in shares of SodaStream International during the second quarter valued at about $187,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of 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 during the period. 38.94% of the stock is owned by hedge funds and other institutional investors.
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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