SodaStream International Ltd. (NASDAQ:SODA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $28.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 13.45% from the stock’s previous close.
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. “
A number of other research analysts also recently weighed in on SODA. Susquehanna restated a “neutral” rating on shares of SodaStream International in a report on Tuesday, June 21st. Jefferies Group reiterated 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 lowered 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. SodaStream International has a consensus rating of “Hold” and an average target price of $24.14.
Shares of SodaStream International (NASDAQ:SODA) opened at 24.68 on Friday. The stock has a 50 day moving average of $26.55 and a 200-day moving average of $22.35. SodaStream International has a 52 week low of $11.66 and a 52 week high of $30.70. The firm has a market cap of $521.64 million, a price-to-earnings ratio of 27.42 and a beta of 1.03.
SodaStream International (NASDAQ:SODA) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $119.20 million for 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 for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. Equities research analysts expect that SodaStream International will post $1.14 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the company. Scotia Capital Inc. raised its stake in SodaStream International by 3.4% in the first quarter. Scotia Capital Inc. now owns 16,785 shares of the company’s stock valued at $236,000 after buying an additional 550 shares in the last quarter. Granahan Investment Management Inc. MA raised its stake in SodaStream International by 2.6% in the first quarter. Granahan Investment Management Inc. MA now owns 436,106 shares of the company’s stock valued at $6,140,000 after buying an additional 10,920 shares in the last quarter. Nantahala Capital Management LLC raised its stake in SodaStream International by 3.0% in the first quarter. Nantahala Capital Management LLC now owns 1,410,806 shares of the company’s stock valued at $19,864,000 after buying an additional 40,829 shares in the last quarter. Royal Bank of Canada raised its stake in SodaStream International by 113.4% in the first quarter. Royal Bank of Canada now owns 25,052 shares of the company’s stock valued at $353,000 after buying an additional 13,312 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in SodaStream International by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 11,528 shares of the company’s stock valued at $246,000 after buying an additional 394 shares in the last quarter. Institutional investors own 38.90% of the company’s stock.
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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