Sodastream International Ltd (SODA) Receives Consensus Rating of “Buy” from Brokerages

Sodastream International Ltd (NASDAQ:SODA) has received a consensus recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $77.00.

A number of brokerages recently weighed in on SODA. Susquehanna Bancshares lifted their price objective on shares of Sodastream International from $92.00 to $94.00 and gave the company a “positive” rating in a report on Monday. BidaskClub upgraded shares of Sodastream International from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd. Zacks Investment Research cut shares of Sodastream International from a “buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine cut shares of Sodastream International from a “buy” rating to a “hold” rating in a report on Friday, December 1st. 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 institutional investors have recently modified their holdings of SODA. Envestnet Asset Management Inc. lifted its stake in Sodastream International by 318.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,625 shares of the company’s stock worth $109,000 after acquiring an additional 1,237 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Sodastream International in the fourth quarter worth approximately $122,000. SG Americas Securities LLC purchased a new position in Sodastream International in the third quarter worth approximately $128,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Sodastream International by 79.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,416 shares of the company’s stock worth $161,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Commonwealth Equity Services Inc purchased a new position in Sodastream International in the third quarter worth approximately $206,000. Institutional investors own 52.05% of the company’s stock.

Shares of Sodastream International (NASDAQ SODA) traded up $0.99 during mid-day trading on Tuesday, hitting $78.61. 466,602 shares of the company were exchanged, compared to its average volume of 248,493. The firm has a market capitalization of $8,340.00, a PE ratio of 7.76 and a beta of 1.25. Sodastream International has a 52-week low of $44.71 and a 52-week high of $80.75.

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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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