KeyCorp Lowers Sodastream International Price Target to $45.00 (SODA)
Stock analysts at KeyCorp reduced their target price on shares of Sodastream International (NASDAQ:SODA) from $70.00 to $45.00 in a report issued on Wednesday, AnalystRatingsNetwork.com reports. KeyCorp’s price target points to a potential upside of 14.97% from the company’s current price.
A number of other analysts have also recently weighed in on SODA. Analysts at Canaccord Genuity downgraded shares of Sodastream International to a “hold” rating in a research note to investors on Wednesday. They now have a $43.00 price target on the stock, down previously from $63.00. Separately, analysts at Deutsche Bank cut their price target on shares of Sodastream International from $58.00 to $53.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at Monness Crespi & Hardt downgraded shares of Sodastream International from a “buy” rating to a “neutral” rating in a research note to investors on Monday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Sodastream International presently has an average rating of “Hold” and a consensus target price of $66.38.
Shares of Sodastream International (NASDAQ:SODA) traded up 3.03% on Wednesday, hitting $39.14. 2,797,359 shares of the company’s stock traded hands. Sodastream International has a 52 week low of $36.38 and a 52 week high of $77.80. The stock’s 50-day moving average is $51.50 and its 200-day moving average is $59.28. The company has a market cap of $815.3 million and a P/E ratio of 16.56.
Sodastream International (NASDAQ:SODA) last announced its earnings results on Wednesday, October 30th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the 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 $2.44 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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