Zacks Investment Research upgraded shares of Sodastream International (NASDAQ:SODA) from a hold rating to a buy rating in a report issued on Saturday. They currently have $96.00 price target on the stock.
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. “
SODA has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Sodastream International from $70.00 to $87.00 and gave the company a neutral rating in a report on Thursday, February 15th. ValuEngine cut Sodastream International from a buy rating to a hold rating in a report on Friday, December 1st. Susquehanna Bancshares set a $92.00 price objective on Sodastream International and gave the company a buy rating in a research note on Wednesday, December 13th. BidaskClub raised Sodastream International from a buy rating to a strong-buy rating in a research note on Saturday, February 3rd. Finally, Jefferies Group set a $60.00 price objective on Sodastream International and gave the company a hold rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $84.25.
Shares of Sodastream International (NASDAQ:SODA) opened at $79.91 on Friday. The company has a market capitalization of $9,010.00, a PE ratio of 6.91 and a beta of 1.25. Sodastream International has a fifty-two week low of $44.71 and a fifty-two week high of $86.75.
Sodastream International (NASDAQ:SODA) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.78 by $0.35. The company had revenue of $157.66 million during the quarter, compared to analysts’ expectations of $151.57 million. Sodastream International had a return on equity of 16.37% and a net margin of 13.69%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. analysts forecast that Sodastream International will post 3.4 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Sodastream International by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,128 shares of the company’s stock valued at $328,000 after purchasing an additional 421 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Sodastream International by 55.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,519 shares of the company’s stock valued at $177,000 after purchasing an additional 894 shares in the last quarter. Steinberg Global Asset Management lifted its stake in shares of Sodastream International by 12.7% in the 4th quarter. Steinberg Global Asset Management now owns 8,703 shares of the company’s stock valued at $612,000 after purchasing an additional 982 shares in the last quarter. Wasatch Advisors Inc. lifted its position in Sodastream International by 1.4% during the 4th quarter. Wasatch Advisors Inc. now owns 75,000 shares of the company’s stock worth $5,276,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Sodastream International by 79.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,416 shares of the company’s stock worth $161,000 after acquiring an additional 1,072 shares in the last quarter. 55.19% of the stock is currently owned by institutional investors and hedge funds.
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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