JPMorgan Chase & Co. Boosts Sodastream International (SODA) Price Target to $87.00

Sodastream International (NASDAQ:SODA) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $70.00 to $87.00 in a report released on Thursday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 5.56% from the company’s previous close.

Several other brokerages have also recently weighed in on SODA. Susquehanna Bancshares set a $92.00 price target on shares of Sodastream International and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Sodastream International from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group set a $60.00 price target on shares of Sodastream International and gave the company a “hold” rating in a research report on Monday, October 30th. BidaskClub cut shares of Sodastream International from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, ValuEngine cut shares of Sodastream International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.75.

Shares of Sodastream International (SODA) traded up $3.81 during mid-day trading on Thursday, hitting $82.42. 1,052,500 shares of the stock traded hands, compared to its average volume of 278,367. The firm has a market cap of $1,721.24, a PE ratio of 28.62 and a beta of 1.25. Sodastream International has a 1 year low of $44.71 and a 1 year high of $84.39.

Sodastream International (NASDAQ:SODA) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.33. The firm had revenue of $157.66 million for the quarter, compared to analysts’ expectations of $151.57 million. Sodastream International had a net margin of 12.47% and a return on equity of 15.17%. The company’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. sell-side analysts expect that Sodastream International will post 2.96 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SODA. OppenheimerFunds Inc. lifted its position in Sodastream International by 150.0% in the fourth quarter. OppenheimerFunds Inc. now owns 1,000,000 shares of the company’s stock valued at $70,340,000 after buying an additional 600,000 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Sodastream International by 589.3% in the second quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock valued at $21,298,000 after buying an additional 340,223 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Sodastream International in the third quarter valued at about $14,773,000. Renaissance Technologies LLC lifted its position in Sodastream International by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,214,000 shares of the company’s stock valued at $85,393,000 after buying an additional 191,500 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Sodastream International in the fourth quarter valued at about $7,273,000. 52.05% of the stock is currently owned by 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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