SodaStream International Ltd. (NASDAQ:SODA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $28.00 price target on the stock. Zacks Investment Research’s target price would suggest a potential upside of 11.82% from the stock’s previous close.
According to Zacks, “SodaStream International Ltd. is engaged in the manufacture of home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO 2) cylinders, as well as consumables, consisting of CO 2 refills, reusable carbonation bottles and flavors to add to the carbonated water. Its products are sold under the brand name SodaStream and Soda-Club. SodaStream’s products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, the Company’s products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. SodaStream International Ltd. is headquartered in Airport City, Israel. “
SODA has been the topic of several other reports. Susquehanna reaffirmed a “hold” rating on shares of SodaStream International in a research report on Monday, August 22nd. Jefferies Group dropped their target price on SodaStream International from $31.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Roth Capital lowered SodaStream International from a “buy” rating to a “neutral” rating and increased their target price for the stock from $22.00 to $33.00 in a research report on Wednesday, August 3rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.14.
SodaStream International (NASDAQ:SODA) opened at 25.04 on Friday. The company has a 50-day moving average of $26.79 and a 200 day moving average of $22.08. The firm has a market cap of $529.25 million, a P/E ratio of 27.82 and a beta of 1.03. SodaStream International has a 52 week low of $11.66 and a 52 week high of $30.70.
SodaStream International (NASDAQ:SODA) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.16. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The firm had revenue of $119.20 million for the quarter, compared to analyst estimates of $105.72 million. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities analysts predict that SodaStream International will post $1.14 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Nantahala Capital Management LLC boosted 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 worth $19,864,000 after buying an additional 40,829 shares during the period. Acadian Asset Management LLC bought a new stake in shares of SodaStream International during the second quarter worth approximately $3,797,000. Scotia Capital Inc. boosted 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 worth $236,000 after buying an additional 550 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of SodaStream International during the second quarter worth approximately $180,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of SodaStream International during the second quarter worth approximately $4,964,000. 38.94% of the stock is 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).