SodaStream International Ltd. (NASDAQ:SODA) Raised to Buy at Zacks Investment Research

SodaStream International Ltd. (NASDAQ:SODA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, August 8th. The brokerage presently has a $70.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 20.30% from the stock’s current price.

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 subject of a number of other research reports. Jefferies Group LLC set a $55.00 price target on SodaStream International and gave the company a “hold” rating in a research report on Saturday, July 29th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $54.00 target price (down previously from $60.00) on shares of SodaStream International in a research report on Friday, May 12th. ValuEngine upgraded SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. UBS AG upgraded SodaStream International from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded SodaStream International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $60.75.

Shares of SodaStream International (SODA) opened at 58.19 on Tuesday. The company’s 50 day moving average is $56.63 and its 200-day moving average is $52.20. SodaStream International has a 12 month low of $23.77 and a 12 month high of $63.25. The company has a market cap of $1.27 billion, a P/E ratio of 21.57 and a beta of 1.20.

SodaStream International (NASDAQ:SODA) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.13. The firm had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. Analysts expect that SodaStream International will post $2.74 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in SODA. Wealthsource Partners LLC acquired a new position in shares of SodaStream International during the first quarter worth about $295,000. Oxford Asset Management increased its position in SodaStream International by 4.5% in the first quarter. Oxford Asset Management now owns 35,467 shares of the company’s stock worth $1,718,000 after buying an additional 1,531 shares in the last quarter. Contrarius Investment Management Ltd purchased a new position in SodaStream International during the first quarter worth $4,155,000. Sei Investments Co. increased its position in SodaStream International by 506.5% in the first quarter. Sei Investments Co. now owns 21,300 shares of the company’s stock worth $1,032,000 after buying an additional 17,788 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in SodaStream International during the first quarter worth $151,000. 48.59% of the stock is currently owned by hedge funds and other institutional investors.

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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