SodaStream International Ltd. (SODA) Price Target Cut to $26.00 by Analysts at Jefferies Group
SodaStream International Ltd. (NASDAQ:SODA) had its price target decreased by equities researchers at Jefferies Group from $31.00 to $26.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 4.08% from the stock’s current price.
Several other equities analysts have also commented on the stock. Susquehanna reaffirmed a “hold” rating and issued a $20.00 price objective on shares of SodaStream International in a research report on Sunday, July 3rd. Zacks Investment Research raised shares of SodaStream International from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Friday, August 5th. Finally, Roth Capital lowered shares of SodaStream International from a “buy” rating to a “neutral” rating and increased their price objective for the company from $22.00 to $33.00 in a research report on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating, SodaStream International presently has a consensus rating of “Hold” and a consensus price target of $24.71.
Shares of SodaStream International (NASDAQ:SODA) traded down 0.52% on Wednesday, reaching $24.85. 67,569 shares of the company’s stock traded hands. The company has a market cap of $525.23 million, a PE ratio of 27.61 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 stock has a 50-day moving average price of $27.01 and a 200-day moving average price of $22.04.
SodaStream International (NASDAQ:SODA) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.16. The firm earned $119.20 million during the quarter, compared to analyst estimates of $105.72 million. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. SodaStream International’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. Equities research analysts anticipate that SodaStream International will post $1.14 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of SODA. Scotia Capital Inc. raised its position in 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 during the period. Granahan Investment Management Inc. MA raised its position in SodaStream International by 2.6% in the first quarter. Granahan Investment Management Inc. MA now owns 436,106 shares of the company’s stock valued at $6,140,000 after buying an additional 10,920 shares during the period. Nantahala Capital Management LLC raised its position in 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 during the period. Royal Bank of Canada raised its position in SodaStream International by 113.4% in the first quarter. Royal Bank of Canada now owns 25,052 shares of the company’s stock valued at $353,000 after buying an additional 13,312 shares during the period. Finally, Eqis Capital Management Inc. raised its position in SodaStream International by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 11,528 shares of the company’s stock valued at $246,000 after buying an additional 394 shares during the period. 38.94% of the stock is owned by hedge funds and other institutional investors.
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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