SodaStream International’s (SODA) Hold Rating Reaffirmed at Susquehanna
Susquehanna reissued their hold rating on shares of SodaStream International Ltd. (NASDAQ:SODA) in a research report report published on Friday morning. The firm currently has a $30.00 price objective on the stock.
“As per internal policy, we are moving our price targets to Dec 2017 from Dec 2016. As part of this note we are also tweaking estimates.”,” Susquehanna’s analyst commented.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of SodaStream International from a hold rating to a buy rating and set a $23.00 price target for the company in a report on Wednesday, June 29th. Jefferies Group reissued a hold rating and set a $23.00 price target (up previously from $21.00) on shares of SodaStream International in a report on Friday, July 15th. Finally, Roth Capital downgraded shares of SodaStream International from a buy rating to a neutral rating and boosted their price target for the company from $22.00 to $33.00 in a report on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating, SodaStream International currently has a consensus rating of Hold and a consensus price target of $25.43.
Shares of SodaStream International (NASDAQ:SODA) traded up 0.435% on Friday, hitting $26.294. 57,691 shares of the stock traded hands. The firm has a market cap of $555.75 million, a P/E ratio of 29.216 and a beta of 1.03. SodaStream International has a 12-month low of $11.66 and a 12-month high of $30.70. The firm’s 50-day moving average is $27.19 and its 200 day moving average is $21.81.
SodaStream International (NASDAQ:SODA) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. The company earned $119.20 million during the quarter, compared to the consensus estimate of $105.72 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts forecast that SodaStream International will post $1.14 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its stake in SodaStream International by 178.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,971 shares of the company’s stock valued at $106,000 after buying an additional 3,183 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in SodaStream International during the second quarter valued at about $175,000. Acrospire Investment Management LLC bought a new stake in SodaStream International during the second quarter valued at about $180,000. C M Bidwell & Associates Ltd. bought a new stake in SodaStream International during the second quarter valued at about $187,000. Finally, Trexquant Investment LP bought a new stake in SodaStream International during the second quarter valued at about $200,000. Hedge funds and other institutional investors own 38.94% of the company’s stock.
SodaStream International Company Profile
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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