Sodastream International Receives New Coverage from Analysts at Longbow Research (SODA)
Research analysts at Longbow Research initiated coverage on shares of Sodastream International (NASDAQ:SODA) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $79.00 price target on the stock. Longbow Research’s price target would indicate a potential upside of 23.51% from the company’s current price.
The analysts wrote, “has a plethora of growth opportunities over the next 18+ months that should drive better than expected top and bottom-line earnings growth.” In addition to pointing out items like the company’s seemingly-solid recent launch of the Source soda maker and opportunities in international markets, the Longbow analyst believes SodaStream could eventually be taken over. “…as the companyreaches critical mass with its install base, the potential for either third party agreements with major soda brands or full takeout increases.” Terpolilli said the stock’s recent dip away from 52-week highs “creates an attractive risk/reward scenario for SODA shares heading into the 2013 holiday season.”
A number of other firms have also recently commented on SODA. Analysts at Canaccord Genuity raised their price target on shares of Sodastream International from $59.00 to $67.00 in a research note to investors on Thursday, August 1st. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Sodastream International from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, July 18th. They now have a $69.20 price target on the stock. Finally, analysts at Oppenheimer downgraded shares of Sodastream International from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 12th. They now have a $85.00 price target on the stock.
Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $77.75.
Shares of Sodastream International (NASDAQ:SODA) traded up 0.09% on Wednesday, hitting $64.0199. The stock had a trading volume of 598,956 shares. Sodastream International has a 52-week low of $33.15 and a 52-week high of $77.80. The stock’s 50-day moving average is $62.26 and its 200-day moving average is $57.87. The company has a market cap of $1.329 billion and a price-to-earnings ratio of 27.57.
Sodastream International (NASDAQ:SODA) last announced its earnings results on Wednesday, July 31st. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.17. The company had revenue of $132.40 million for the quarter, compared to the consensus estimate of $129.72 million. During the same quarter last year, the company posted $0.45 earnings per share. Sodastream International’s revenue was up 28.5% compared to the same quarter last year. Analysts expect that Sodastream International will post $2.57 EPS for the current fiscal year.
SodaStream International Ltd., along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.