SodaStream International (SODA) Raised to Buy at BidaskClub

BidaskClub upgraded shares of SodaStream International (NASDAQ:SODA) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Several other research firms have also issued reports on SODA. ValuEngine upgraded shares of SodaStream International from a hold rating to a buy rating in a report on Friday, September 1st. Susquehanna Bancshares set a $92.00 target price on shares of SodaStream International and gave the company a buy rating in a report on Wednesday, November 1st. Jefferies Group set a $60.00 target price on shares of SodaStream International and gave the company a hold rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of SodaStream International from a buy rating to a hold rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $75.33.

Shares of SodaStream International (SODA) opened at $70.34 on Wednesday. The stock has a market cap of $1,534.25, a PE ratio of 24.42 and a beta of 1.20. SodaStream International has a one year low of $38.36 and a one year high of $72.14.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new position in shares of SodaStream International during the third quarter valued at about $328,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of SodaStream International by 79.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,416 shares of the company’s stock valued at $161,000 after purchasing an additional 1,072 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of SodaStream International during the third quarter valued at about $300,000. Granahan Investment Management Inc. MA raised its holdings in shares of SodaStream International by 9.3% during the third quarter. Granahan Investment Management Inc. MA now owns 417,155 shares of the company’s stock valued at $27,720,000 after purchasing an additional 35,621 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of SodaStream International by 11.7% during the third quarter. Allianz Asset Management GmbH now owns 10,698 shares of the company’s stock valued at $711,000 after purchasing an additional 1,121 shares during the period. Hedge funds and other institutional investors own 51.87% of the company’s stock.

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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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