Sodastream International Ltd (SODA) Receives $99.20 Consensus Target Price from Analysts

Sodastream International Ltd (NASDAQ:SODA) has been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $99.20.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Sodastream International from a “hold” rating to a “strong-buy” rating and set a $99.00 price objective for the company in a research report on Saturday, May 5th. Susquehanna Bancshares set a $118.00 price objective on Sodastream International and gave the company a “buy” rating in a research report on Tuesday, May 15th. BidaskClub downgraded Sodastream International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. B. Riley assumed coverage on Sodastream International in a research report on Tuesday, April 3rd. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $82.00 price objective on shares of Sodastream International in a research report on Wednesday, May 2nd.

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Large investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Sodastream International in the fourth quarter valued at $122,000. JPMorgan Chase & Co. grew its position in shares of Sodastream International by 52.8% in 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 during the period. Envestnet Asset Management Inc. grew its position in shares of Sodastream International by 55.0% in 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 during the period. LPL Financial LLC purchased a new stake in shares of Sodastream International in the fourth quarter valued at $206,000. Finally, First Allied Advisory Services Inc. acquired a new position in Sodastream International in the first quarter valued at $216,000. 58.36% of the stock is owned by institutional investors and hedge funds.

Sodastream International stock traded down $0.71 during mid-day trading on Monday, hitting $86.08. 136,431 shares of the company were exchanged, compared to its average volume of 201,637. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 3.23 and a beta of 0.95. Sodastream International has a 12-month low of $49.72 and a 12-month high of $98.26.

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, topping the consensus estimate of $0.71 by $0.10. The company had revenue of $143.60 million during the quarter, compared to the consensus estimate of $132.70 million. Sodastream International had a return on equity of 16.11% and a net margin of 13.68%. Sodastream International’s revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. research analysts anticipate that Sodastream International will post 3.59 earnings per share for the current fiscal year.

Sodastream International Company Profile

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.