SodaStream International Ltd. (SODA) Lowered to Hold at ValuEngine
SodaStream International Ltd. (NASDAQ:SODA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.
Several other research firms have also commented on SODA. Zacks Investment Research upgraded SodaStream International from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Tuesday, August 8th. BidaskClub downgraded SodaStream International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC set a $55.00 price objective on SodaStream International and gave the company a “hold” rating in a research report on Saturday, July 29th. Susquehanna Bancshares Inc restated a “positive” rating and set a $79.00 price objective (up from $58.00) on shares of SodaStream International in a research report on Tuesday, August 1st. Finally, UBS AG raised SodaStream International from a “neutral” rating to a “positive” rating in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. SodaStream International presently has an average rating of “Buy” and a consensus price target of $63.50.
Shares of SodaStream International (SODA) traded down 1.73% during midday trading on Monday, reaching $65.30. The company had a trading volume of 402,936 shares. The stock has a 50-day moving average of $59.91 and a 200 day moving average of $55.09. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.76 and a beta of 1.22. SodaStream International has a 52 week low of $23.77 and a 52 week high of $67.75.
SodaStream International (NASDAQ:SODA) last posted its earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.13. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The firm had revenue of $130.60 million for the quarter, compared to the consensus estimate of $129.33 million. During the same period in the previous year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts anticipate that SodaStream International will post $2.79 earnings per share for the current year.
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Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in SodaStream International by 253.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,764 shares of the company’s stock worth $148,000 after purchasing an additional 1,981 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SodaStream International in the first quarter worth about $151,000. First Allied Advisory Services Inc. bought a new stake in SodaStream International in the second quarter worth about $226,000. Caxton Associates LP bought a new stake in SodaStream International in the first quarter worth about $243,000. Finally, Private Advisory Group LLC bought a new stake in SodaStream International in the first quarter worth about $246,000. Institutional investors own 47.71% of the company’s stock.
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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