SodaStream International Ltd. (NASDAQ:SODA)‘s stock had its “positive” rating restated by equities researchers at Susquehanna Bancshares Inc in a research report issued to clients and investors on Tuesday, August 1st, Marketbeat reports. They presently have a $79.00 target price on the stock, up from their previous target price of $58.00. Susquehanna Bancshares Inc’s target price would indicate a potential upside of 35.76% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the company. BidaskClub cut SodaStream International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut SodaStream International from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine upgraded SodaStream International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $50.00 price objective on shares of SodaStream International in a research note on Wednesday, April 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. SodaStream International presently has an average rating of “Buy” and an average target price of $60.75.
Shares of SodaStream International (NASDAQ:SODA) opened at 58.19 on Tuesday. SodaStream International has a 52-week low of $23.77 and a 52-week high of $63.25. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.57 and a beta of 1.20. The firm’s 50-day moving average is $56.63 and its 200 day moving average is $52.20.
SodaStream International (NASDAQ:SODA) last released its earnings results on Wednesday, August 2nd. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.13. The company had revenue of $130.60 million for the quarter, compared to analysts’ expectations of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. On average, equities research analysts anticipate that SodaStream International will post $2.74 earnings per share for the current year.
Several large investors have recently made changes to their positions in SODA. FMR LLC boosted its stake in shares of SodaStream International by 216.7% in the first quarter. FMR LLC now owns 2,136,784 shares of the company’s stock valued at $103,485,000 after buying an additional 1,462,018 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in shares of SodaStream International by 168.6% in the second quarter. Menora Mivtachim Holdings LTD. now owns 837,556 shares of the company’s stock valued at $44,826,000 after buying an additional 525,720 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in shares of SodaStream International during the second quarter valued at $10,292,000. Acadian Asset Management LLC boosted its stake in shares of SodaStream International by 17.4% in the second quarter. Acadian Asset Management LLC now owns 871,395 shares of the company’s stock valued at $46,639,000 after buying an additional 129,117 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of SodaStream International by 279.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 170,889 shares of the company’s stock valued at $9,146,000 after buying an additional 125,812 shares in the last quarter. Hedge funds and other institutional investors own 48.59% of the company’s stock.
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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