Sodastream International Downgraded to Neutral at Monness Crespi & Hardt (SODA)
Sodastream International (NASDAQ:SODA) was downgraded by equities research analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on SODA. Analysts at KeyCorp initiated coverage on shares of Sodastream International in a research note to investors on Wednesday, January 8th. They set a “buy” rating on the stock. Separately, analysts at Longbow Research downgraded shares of Sodastream International from a “buy” rating to a “neutral” rating in a research note to investors on Friday, December 6th. They now have a $68.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Sodastream International from $67.00 to $63.00 in a research note to investors on Thursday, October 31st. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $70.52.
Shares of Sodastream International (NASDAQ:SODA) traded down 25.96% on Monday, hitting $36.94. The stock had a trading volume of 10,835,347 shares. Sodastream International has a one year low of $45.25 and a one year high of $77.80. The stock has a 50-day moving average of $52.58 and a 200-day moving average of $59.95. The company has a market cap of $769.5 million and a price-to-earnings ratio of 21.75.
Sodastream International (NASDAQ:SODA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.04. The company had revenue of $144.60 million for the quarter, compared to the consensus estimate of $145.20 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. 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.
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