SodaStream International Ltd. (SODA) Receives Consensus Recommendation of “Buy” from Analysts
Shares of SodaStream International Ltd. (NASDAQ:SODA) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $60.75.
Several equities analysts recently issued reports on the stock. ValuEngine upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $55.00 price objective on shares of SodaStream International in a research report on Thursday, August 31st. BidaskClub upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of SodaStream International from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, August 8th. Finally, UBS AG upgraded shares of SodaStream International from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd.
Shares of SodaStream International (SODA) traded down 0.31% during mid-day trading on Friday, hitting $58.58. 96,298 shares of the stock were exchanged. The stock’s 50-day moving average price is $59.04 and its 200-day moving average price is $53.95. The company has a market cap of $1.28 billion, a P/E ratio of 21.71 and a beta of 1.20. SodaStream International has a 52-week low of $23.77 and a 52-week high of $63.25.
SodaStream International (NASDAQ:SODA) last posted its earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.13. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The firm had revenue of $130.60 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that SodaStream International will post $2.74 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. purchased a new stake in shares of SodaStream International during the first quarter worth $3,434,000. Clinton Group Inc. purchased a new stake in shares of SodaStream International during the first quarter worth $327,000. O Shaughnessy Asset Management LLC grew its holdings in shares of SodaStream International by 31.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 43,352 shares of the company’s stock worth $2,100,000 after buying an additional 10,458 shares in the last quarter. Steinberg Global Asset Management grew its holdings in shares of SodaStream International by 9.1% during the first quarter. Steinberg Global Asset Management now owns 7,505 shares of the company’s stock worth $363,000 after buying an additional 626 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of SodaStream International by 35.6% during the first quarter. Systematic Financial Management LP now owns 134,120 shares of the company’s stock worth $6,495,000 after buying an additional 35,195 shares in the last quarter. 47.76% of the stock is 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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