SodaStream International Ltd. (SODA) Receives $75.33 Consensus Price Target from Analysts

Shares of SodaStream International Ltd. (NASDAQ:SODA) have been assigned an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $75.33.

SODA has been the subject of a number of research analyst reports. ValuEngine upgraded 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 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 SodaStream International and gave the company a “hold” rating in a report on Monday, October 30th. Zacks Investment Research cut SodaStream International from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, BidaskClub cut SodaStream International from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.

SodaStream International (NASDAQ:SODA) traded down $0.05 during midday trading on Monday, hitting $70.07. The stock had a trading volume of 82,842 shares, compared to its average volume of 281,591. The stock has a market cap of $6,920.00, a PE ratio of 6.98 and a beta of 1.19. SodaStream International has a fifty-two week low of $38.36 and a fifty-two week high of $72.14.

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

Institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in SodaStream International by 1.8% in the 2nd quarter. FMR LLC now owns 2,176,283 shares of the company’s stock valued at $116,474,000 after purchasing an additional 39,499 shares in the last quarter. Renaissance Technologies LLC raised its position in SodaStream International by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 818,500 shares of the company’s stock valued at $43,806,000 after purchasing an additional 113,500 shares in the last quarter. Granahan Investment Management Inc. MA raised its position in SodaStream International by 9.3% in the 3rd 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 in the last quarter. Lord Abbett & CO. LLC raised its position in SodaStream International by 589.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock valued at $21,298,000 after purchasing an additional 340,223 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in SodaStream International in the 3rd quarter valued at about $14,773,000. 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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