Sodastream International Ltd (NASDAQ:SODA) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $76.00.
A number of brokerages recently issued reports on SODA. Susquehanna Bancshares reiterated a “buy” rating and issued a $90.00 price objective on shares of Sodastream International in a report on Monday, October 2nd. ValuEngine lowered shares of Sodastream International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Sodastream International from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub lowered shares of Sodastream International from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Jefferies Group set a $60.00 price objective on shares of Sodastream International and gave the company a “hold” rating in a report on Monday, October 30th.
A number of hedge funds and other institutional investors have recently modified their holdings of SODA. Bank of New York Mellon Corp raised its holdings in Sodastream International by 196.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,551 shares of the company’s stock worth $7,522,000 after purchasing an additional 93,079 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Sodastream International by 35.1% during the 2nd quarter. Alliancebernstein L.P. now owns 95,817 shares of the company’s stock worth $5,128,000 after purchasing an additional 24,911 shares during the last quarter. Van ECK Associates Corp raised its holdings in Sodastream International by 4.1% during the 2nd quarter. Van ECK Associates Corp now owns 5,508 shares of the company’s stock worth $295,000 after purchasing an additional 217 shares during the last quarter. GSA Capital Partners LLP bought a new position in Sodastream International during the 2nd quarter worth approximately $953,000. Finally, Vanguard Group Inc. raised its holdings in Sodastream International by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,128 shares of the company’s stock worth $328,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 51.87% of the company’s stock.
Sodastream International (NASDAQ:SODA) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The business had revenue of $139.80 million during the quarter, compared to analyst estimates of $135.43 million. Sodastream International had a net margin of 12.47% and a return on equity of 15.17%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. analysts expect that Sodastream International will post 2.96 EPS for the current year.
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About Sodastream International
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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