SodaStream International Ltd. (NASDAQ:SODA)‘s stock had its “neutral” rating restated by stock analysts at Susquehanna Bancshares Inc in a note issued to investors on Friday, May 12th. They currently have a $54.00 price target on the stock, down from their previous price target of $60.00. Susquehanna Bancshares Inc’s price target would suggest a potential upside of 3.37% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price target on shares of SodaStream International in a research note on Wednesday, April 26th. Zacks Investment Research cut shares of SodaStream International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. SodaStream International has an average rating of “Hold” and a consensus price target of $47.40.
Shares of SodaStream International (SODA) traded down 3.22% during mid-day trading on Friday, hitting $52.24. The stock had a trading volume of 280,739 shares. SodaStream International has a 12-month low of $19.69 and a 12-month high of $57.68. The firm has a market cap of $1.13 billion, a P/E ratio of 21.44 and a beta of 1.36. The company has a 50 day moving average price of $53.64 and a 200 day moving average price of $47.31.
SodaStream International (NASDAQ:SODA) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.28. The company had revenue of $115.30 million for the quarter, compared to the consensus estimate of $110.37 million. SodaStream International had a return on equity of 13.96% and a net margin of 10.83%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. Equities analysts forecast that SodaStream International will post $2.55 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in SODA. Allianz Asset Management AG purchased a new position in SodaStream International during the fourth quarter worth about $242,000. Norges Bank purchased a new position in SodaStream International during the fourth quarter worth about $1,028,000. FMR LLC purchased a new position in SodaStream International during the fourth quarter worth about $26,633,000. Russell Investments Group Ltd. purchased a new position in SodaStream International during the fourth quarter worth about $3,521,000. Finally, Steinberg Global Asset Management boosted its position in SodaStream International by 9.1% in the first quarter. Steinberg Global Asset Management now owns 7,505 shares of the company’s stock worth $363,000 after buying an additional 626 shares during the period. Hedge funds and other institutional investors own 44.92% of the company’s stock.
SodaStream International Company Profile
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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