SodaStream International Ltd. (NASDAQ:SODA) has been given an average recommendation of “Buy” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $60.75.
Several brokerages have commented on SODA. Susquehanna Bancshares Inc reissued a “positive” rating and set a $79.00 target price (up previously from $58.00) on shares of SodaStream International in a research note on Tuesday, August 1st. BidaskClub downgraded SodaStream International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised SodaStream International from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, August 8th. ValuEngine downgraded SodaStream International from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, UBS AG raised SodaStream International from a “neutral” rating to a “positive” rating in a research note on Thursday, August 3rd.
Shares of SodaStream International (SODA) traded down 0.07% during midday trading on Friday, reaching $59.58. 24,142 shares of the company’s stock were exchanged. The stock has a market cap of $1.30 billion, a PE ratio of 22.08 and a beta of 1.20. The company’s 50 day moving average is $59.11 and its 200-day moving average is $54.09. SodaStream International has a 12 month low of $23.77 and a 12 month high of $63.25.
SodaStream International (NASDAQ:SODA) last issued its earnings results on Wednesday, August 2nd. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.13. The firm had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Equities analysts forecast that SodaStream International will post $2.74 EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in SODA. Bank of America Corp DE grew its holdings in shares of SodaStream International by 105.6% during the first quarter. Bank of America Corp DE now owns 2,921 shares of the company’s stock worth $142,000 after purchasing an additional 55,479 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in SodaStream International by 253.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,764 shares of the company’s stock valued at $148,000 after acquiring an additional 1,981 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SodaStream International in the first quarter valued at approximately $151,000. First Allied Advisory Services Inc. bought a new stake in SodaStream International in the second quarter valued at approximately $226,000. Finally, Caxton Associates LP bought a new stake in SodaStream International in the first quarter valued at approximately $243,000. Institutional investors own 47.71% of the company’s stock.
About SodaStream International
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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