BidaskClub Downgrades Sodastream International (SODA) to Buy

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BidaskClub cut shares of Sodastream International (NASDAQ:SODA) from a strong-buy rating to a buy rating in a report issued on Tuesday.

SODA has been the subject of several other reports. Susquehanna Bancshares restated a positive rating and set a $108.00 price objective (up from $95.00) on shares of Sodastream International in a research report on Friday, March 16th. B. Riley assumed coverage on shares of Sodastream International in a research report on Tuesday, April 3rd. They set a buy rating and a $110.00 price objective for the company. Zacks Investment Research downgraded shares of Sodastream International from a strong-buy rating to a hold rating in a research report on Tuesday, May 1st. Finally, Jefferies Financial Group restated a hold rating and set a $82.00 price objective on shares of Sodastream International in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $99.20.

Sodastream International opened at $86.08 on Tuesday, according to Marketbeat.com. Sodastream International has a 1-year low of $49.72 and a 1-year high of $98.26. The company has a market capitalization of $1.98 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 3.25 and a beta of 0.95.

Sodastream International (NASDAQ:SODA) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. Sodastream International had a net margin of 13.68% and a return on equity of 16.11%. The company had revenue of $143.60 million during the quarter, compared to the consensus estimate of $132.70 million. During the same period in the previous year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. analysts predict that Sodastream International will post 3.59 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SODA. Amundi Pioneer Asset Management Inc. acquired a new position in Sodastream International during the fourth quarter valued at approximately $122,000. JPMorgan Chase & Co. raised its position in Sodastream International by 52.8% during the first quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $170,000 after purchasing an additional 638 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Sodastream International by 55.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,519 shares of the company’s stock valued at $177,000 after purchasing an additional 894 shares in the last quarter. LPL Financial LLC acquired a new position in Sodastream International during the fourth quarter valued at approximately $206,000. Finally, First Allied Advisory Services Inc. acquired a new position in Sodastream International during the first quarter valued at approximately $216,000. Institutional investors and hedge funds own 58.36% of the company’s stock.

About Sodastream International

SodaStream International Ltd., together with its subsidiaries, manufactures, distributes, and sells home beverage carbonation systems. Its home beverage carbonation systems enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The company offers sparkling water makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, including CO2 refills, reusable carbonation bottles, and flavors; and accessories for its products that are manufactured by third parties.

Analyst Recommendations for Sodastream International (NASDAQ:SODA)

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