Sodastream International (SODA) Price Target Raised to $94.00 at Susquehanna Bancshares

Sodastream International (NASDAQ:SODA) had its price target hoisted by equities research analysts at Susquehanna Bancshares from $92.00 to $94.00 in a research note issued to investors on Monday. The firm currently has a “positive” rating on the stock. Susquehanna Bancshares’ price target indicates a potential upside of 21.10% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Sodastream International from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Tuesday, November 7th. BidaskClub raised Sodastream International from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. ValuEngine cut Sodastream International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Jefferies Group set a $60.00 price objective on Sodastream International and gave the stock a “hold” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Sodastream International currently has a consensus rating of “Buy” and a consensus target price of $76.00.

Shares of Sodastream International (NASDAQ:SODA) traded up $3.25 during midday trading on Monday, reaching $77.62. The company’s stock had a trading volume of 349,886 shares, compared to its average volume of 253,779. Sodastream International has a 52 week low of $44.71 and a 52 week high of $80.75. The company has a market capitalization of $1,628.40, a PE ratio of 26.90 and a beta of 1.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Sodastream International by 318.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,625 shares of the company’s stock valued at $109,000 after buying an additional 1,237 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Sodastream International during the third quarter valued at approximately $128,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Sodastream International by 79.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,416 shares of the company’s stock valued at $161,000 after buying an additional 1,072 shares during the last quarter. Commonwealth Equity Services Inc bought a new position in shares of Sodastream International during the third quarter valued at approximately $206,000. Finally, Advisor Group Inc. grew its stake in shares of Sodastream International by 1,021.8% during the third quarter. Advisor Group Inc. now owns 3,141 shares of the company’s stock valued at $208,000 after buying an additional 2,861 shares during the last quarter. 52.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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