SodaStream International Ltd. (NASDAQ:SODA) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.
SODA has been the subject of several other research reports. Zacks Investment Research downgraded shares of SodaStream International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 19th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $60.00 target price (up previously from $58.00) on shares of SodaStream International in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 target price on shares of SodaStream International in a report on Wednesday, April 26th. Finally, ValuEngine raised shares of SodaStream International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. SodaStream International currently has a consensus rating of “Buy” and an average target price of $47.40.
SodaStream International (SODA) traded down 0.7754% during trading on Tuesday, hitting $57.6396. The stock had a trading volume of 127,694 shares. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 23.6519 and a beta of 1.19. SodaStream International has a 52-week low of $23.41 and a 52-week high of $59.00. The company has a 50-day moving average price of $53.65 and a 200-day moving average price of $50.07.
SodaStream International (NASDAQ:SODA) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.38 by $0.28. The firm had revenue of $115.30 million during the quarter, compared to analyst estimates of $110.37 million. SodaStream International had a return on equity of 13.96% and a net margin of 10.83%. SodaStream International’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. Equities research analysts forecast that SodaStream International will post $2.55 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of SODA. Bank of America Corp DE increased its position in shares of SodaStream International by 105.6% in the first quarter. Bank of America Corp DE now owns 2,921 shares of the company’s stock valued at $142,000 after buying an additional 55,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of SodaStream International during the first quarter valued at $151,000. Allianz Asset Management AG purchased a new position in shares of SodaStream International during the fourth quarter valued at $242,000. Caxton Associates LP purchased a new position in shares of SodaStream International during the first quarter valued at $243,000. Finally, Private Advisory Group LLC purchased a new position in shares of SodaStream International during the first quarter valued at $246,000. 44.83% of the stock is owned by 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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