SodaStream International Ltd. (NASDAQ:SODA) Raised to Buy at Zacks Investment Research

SodaStream International Ltd. (NASDAQ:SODA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, November 7th. The brokerage currently has a $74.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.24% from the company’s current price.

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. “

Other research analysts have also recently issued research reports about the stock. Susquehanna Bancshares Inc reaffirmed a “buy” rating and issued a $90.00 price target on shares of SodaStream International in a report on Monday, October 2nd. BidaskClub raised shares of SodaStream International from a “hold” rating to a “buy” rating in a report on Friday, August 25th. ValuEngine raised shares of SodaStream International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC set a $55.00 price target on shares of SodaStream International and gave the stock a “hold” rating in a report on Saturday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $75.33.

Shares of SodaStream International (NASDAQ SODA) traded down $0.06 during mid-day trading on Tuesday, reaching $66.52. 66,545 shares of the company’s stock were exchanged, compared to its average volume of 221,620. SodaStream International has a 1-year low of $35.70 and a 1-year high of $69.00. The company has a market cap of $6,170.00, a PE ratio of 23.10 and a beta of 1.15.

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

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in SodaStream International by 318.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,625 shares of the company’s stock worth $109,000 after acquiring an additional 1,237 shares in the last quarter. SG Americas Securities LLC purchased a new position in SodaStream International in the third quarter worth $128,000. Ladenburg Thalmann Financial Services Inc. grew its position in SodaStream International by 79.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,416 shares of the company’s stock worth $161,000 after acquiring an additional 1,072 shares in the last quarter. Tower Research Capital LLC TRC grew its position in SodaStream International by 253.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,764 shares of the company’s stock worth $148,000 after acquiring an additional 1,981 shares in the last quarter. Finally, Commonwealth Equity Services Inc purchased a new position in SodaStream International in the third quarter worth $206,000. Institutional investors own 51.13% 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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