Jefferies Group Trims SodaStream International Ltd. (SODA) Target Price to $26.00
SodaStream International Ltd. (NASDAQ:SODA) had its target price decreased by equities researchers at Jefferies Group from $31.00 to $26.00 in a research report issued on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 2.65% from the stock’s previous close.
SODA has been the subject of a number of other reports. Susquehanna reaffirmed a “hold” rating on shares of SodaStream International in a research note on Monday, August 22nd. Zacks Investment Research lowered shares of SodaStream International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Finally, Roth Capital lowered shares of SodaStream International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $33.00 in a research note on Wednesday, August 3rd. Seven analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $24.71.
Shares of SodaStream International (NASDAQ:SODA) traded up 1.40% during mid-day trading on Wednesday, hitting $25.33. 205,516 shares of the stock were exchanged. The stock has a 50-day moving average price of $26.90 and a 200 day moving average price of $22.06. SodaStream International has a 52-week low of $11.66 and a 52-week high of $30.70. The firm has a market cap of $535.37 million, a price-to-earnings ratio of 28.14 and a beta of 1.03.
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SodaStream International (NASDAQ:SODA) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.16. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. The company earned $119.20 million during the quarter, compared to analyst estimates of $105.72 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts expect that SodaStream International will post $1.14 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the stock. Nantahala Capital Management LLC increased its position in SodaStream International by 3.0% in the first quarter. Nantahala Capital Management LLC now owns 1,410,806 shares of the company’s stock valued at $19,864,000 after buying an additional 40,829 shares during the period. Acadian Asset Management LLC bought a new position in SodaStream International during the second quarter valued at about $3,797,000. Scotia Capital Inc. increased its position in SodaStream International by 3.4% in the first quarter. Scotia Capital Inc. now owns 16,785 shares of the company’s stock valued at $236,000 after buying an additional 550 shares during the period. Acrospire Investment Management LLC bought a new position in SodaStream International during the second quarter valued at about $180,000. Finally, Emerald Acquisition Ltd. bought a new position in SodaStream International during the second quarter valued at about $4,964,000. Hedge funds and other institutional investors own 38.94% of the company’s stock.
SodaStream International Company Profile
SodaStream International Ltd. (SodaStream) 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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