SodaStream International (SODA) Lowered to Hold at BidaskClub

SodaStream International (NASDAQ:SODA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other brokerages have also weighed in on SODA. ValuEngine lowered SodaStream International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Susquehanna Bancshares reissued a “buy” rating and set a $90.00 target price on shares of SodaStream International in a research report on Monday, October 2nd. Jefferies Group set a $60.00 target price on SodaStream International and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research raised SodaStream International from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. SodaStream International presently has an average rating of “Buy” and a consensus target price of $75.33.

Shares of SodaStream International (SODA) traded down $0.68 during midday trading on Thursday, hitting $69.39. The stock had a trading volume of 105,594 shares, compared to its average volume of 291,690. SodaStream International has a 1-year low of $37.91 and a 1-year high of $72.14. The firm has a market cap of $1,565.12, a price-to-earnings ratio of 24.82 and a beta of 1.20.

SodaStream International (NASDAQ:SODA) last issued its earnings results on Wednesday, November 1st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. SodaStream International had a return on equity of 15.17% and a net margin of 12.47%. The business had revenue of $139.80 million for the quarter, compared to analyst estimates of $135.43 million. During the same quarter last year, the company earned $0.69 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. research analysts anticipate that SodaStream International will post 2.96 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in SodaStream International by 318.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,625 shares of the company’s stock worth $109,000 after buying an additional 1,237 shares during the period. SG Americas Securities LLC acquired a new position in SodaStream International during the third quarter worth approximately $128,000. Ladenburg Thalmann Financial Services Inc. increased its position in SodaStream International by 79.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,416 shares of the company’s stock worth $161,000 after buying an additional 1,072 shares during the period. Tower Research Capital LLC TRC increased its position in SodaStream International by 253.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,764 shares of the company’s stock worth $148,000 after buying an additional 1,981 shares during the period. Finally, Commonwealth Equity Services Inc acquired a new position in SodaStream International during the third quarter worth approximately $206,000. 51.87% of the stock is currently owned by institutional investors.

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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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