Sodastream International (NASDAQ:SODA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The firm currently has a $96.00 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 17.14% from the company’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. “
A number of other research firms have also weighed in on SODA. ValuEngine raised shares of Sodastream International from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Sodastream International from $70.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday. BidaskClub raised shares of Sodastream International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Susquehanna Bancshares boosted their target price on shares of Sodastream International from $92.00 to $94.00 and gave the stock a “positive” rating in a research report on Monday, February 12th. Finally, Jefferies Group set a $60.00 target price on shares of Sodastream International and gave the stock a “hold” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sodastream International presently has an average rating of “Buy” and a consensus target price of $84.25.
Sodastream International (NASDAQ:SODA) last released its earnings results on Wednesday, February 14th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.35. The firm had revenue of $157.66 million during the quarter, compared to analyst estimates of $151.57 million. Sodastream International had a net margin of 13.69% and a return on equity of 16.37%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. equities research analysts predict that Sodastream International will post 3.4 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in SODA. Envestnet Asset Management Inc. lifted its position in shares of 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 purchasing an additional 1,237 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Sodastream International in the 4th quarter valued at about $122,000. SG Americas Securities LLC bought a new position in shares of Sodastream International in the 3rd quarter valued at about $128,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Sodastream International by 79.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,416 shares of the company’s stock valued at $161,000 after acquiring an additional 1,072 shares during the period. Finally, Commonwealth Equity Services Inc bought a new position in shares of Sodastream International in the 3rd quarter valued at about $206,000. 52.05% of the stock is owned by institutional investors and hedge funds.
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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