Zacks Investment Research upgraded shares of Sodastream International (NASDAQ:SODA) from a hold rating to a buy rating in a report released on Saturday, February 17th. The firm currently has $96.00 price objective on the stock.
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. “
Several other research firms also recently weighed in on SODA. JPMorgan Chase & Co. boosted their target price on Sodastream International from $70.00 to $87.00 and gave the company a neutral rating in a research report on Thursday, February 15th. BidaskClub upgraded Sodastream International from a hold rating to a buy rating in a report on Wednesday, December 27th. ValuEngine upgraded Sodastream International from a hold rating to a buy rating in a research note on Thursday, February 15th. Susquehanna Bancshares upped their price objective on Sodastream International from $92.00 to $94.00 and gave the stock a positive rating in a research note on Monday, February 12th. Finally, Jefferies Group set a $60.00 target price on Sodastream International and gave the company a hold rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $84.25.
Sodastream International (NASDAQ:SODA) last issued its earnings results on Wednesday, February 14th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.35. Sodastream International had a return on equity of 16.37% and a net margin of 13.69%. The company had revenue of $157.66 million for the quarter, compared to the consensus estimate of $151.57 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. sell-side analysts anticipate that Sodastream International will post 3.43 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Sodastream International by 7.4% during the second quarter. Vanguard Group Inc. now owns 6,128 shares of the company’s stock worth $328,000 after purchasing an additional 421 shares in the last quarter. AHL Partners LLP purchased a new position in Sodastream International during the second quarter worth approximately $395,000. State Street Corp boosted its position in Sodastream International by 6.1% during the second quarter. State Street Corp now owns 101,101 shares of the company’s stock worth $5,411,000 after purchasing an additional 5,772 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in Sodastream International by 589.3% during the second quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock worth $21,298,000 after purchasing an additional 340,223 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. purchased a new position in Sodastream International during the third quarter worth approximately $269,000. Hedge funds and other institutional investors own 55.78% of the company’s stock.
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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