Analysts Set SodaStream International Ltd. (NASDAQ:SODA) Target Price at $24.67
SodaStream International Ltd. (NASDAQ:SODA) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the stock. Six equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $24.67.
Several research analysts have commented on SODA shares. Susquehanna reaffirmed a “hold” rating on shares of SodaStream International in a research report on Monday, August 22nd. Zacks Investment Research raised SodaStream International from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, June 29th. Roth Capital downgraded SodaStream International from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $22.00 to $33.00 in a research report on Wednesday, August 3rd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $31.00 price target on shares of SodaStream International in a research report on Wednesday, August 3rd.
Shares of SodaStream International (NASDAQ:SODA) opened at 26.69 on Monday. The company has a market capitalization of $564.12 million, a PE ratio of 29.66 and a beta of 1.00. The firm has a 50-day moving average price of $27.83 and a 200-day moving average price of $21.26. SodaStream International has a 1-year low of $11.66 and a 1-year high of $30.70.
SodaStream International (NASDAQ:SODA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.16. The company had revenue of $119.20 million for the quarter, compared to the consensus estimate of $105.72 million. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. Equities analysts anticipate that SodaStream International will post $1.14 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Nantahala Capital Management LLC raised its stake in shares of SodaStream International by 3.0% in the first quarter. Nantahala Capital Management LLC now owns 1,410,806 shares of the company’s stock valued at $19,864,000 after buying an additional 40,829 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of SodaStream International during the second quarter valued at approximately $3,797,000. Scotia Capital Inc. raised its stake in shares of SodaStream International by 3.4% in the first quarter. Scotia Capital Inc. now owns 16,785 shares of the company’s stock valued at $236,000 after buying an additional 550 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of SodaStream International during the second quarter valued at approximately $180,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of SodaStream International during the second quarter valued at approximately $4,964,000. 38.94% of the stock is currently owned by institutional investors and hedge funds.
About SodaStream International
SodaStream International Ltd. (SodaStream) 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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