Sodastream International (NASDAQ: SODA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a $55.90 price target on the stock.
A number of other firms have also recently commented on SODA. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Sodastream International in a research note to investors on Tuesday. They now have a $60.00 price target on the stock. Separately, analysts at JPMorgan Chase raised their price target on shares of Sodastream International from $50.00 to $56.00 in a research note to investors on Thursday, February 21st. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Sodastream International in a research note to investors on Thursday, February 21st. They now have a $55.00 price target on the stock.
Eight investment analysts have rated the stock with a buy rating, and two have issued a hold rating to the company. The stock presently has a consensus rating of “buy” and an average target price of $56.88.
Shares of Sodastream International traded up 1.12% during mid-day trading on Tuesday, hitting $48.57. Sodastream International has a one year low of $28.28 and a one year high of $53.99. The stock’s 50-day moving average is currently $49.44. The company has a market cap of $997.1 million and a P/E ratio of 22.98.
Sodastream International last announced its earnings results on Wednesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.06. The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $121.54 million. During the same quarter last year, the company posted $0.20 earnings per share. Sodastream International’s revenue was up 55.1% compared to the same quarter last year. On average, analysts predict that Sodastream International will post $2.53 earnings per share for the current fiscal year.
SodaStream International Ltd., along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products.
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