SodaStream International Ltd. (SODA) Sees Strong Trading Volume Following Analyst Upgrade
Shares of SodaStream International Ltd. (NASDAQ:SODA) saw an uptick in trading volume on Monday after ValuEngine upgraded the stock from a hold rating to a buy rating. 716,022 shares were traded during mid-day trading, an increase of 219% from the previous session’s volume of 224,289 shares.The stock last traded at $60.99 and had previously closed at $59.13.
SODA has been the subject of several other reports. Susquehanna Bancshares Inc restated a “positive” rating and issued a $79.00 price objective (up from $58.00) on shares of SodaStream International in a report on Tuesday, August 1st. Jefferies Group LLC restated a “hold” rating and issued a $55.00 price objective on shares of SodaStream International in a report on Thursday, August 31st. BidaskClub lowered shares of SodaStream International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. UBS AG upgraded shares of SodaStream International from a “neutral” rating to a “positive” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of SodaStream International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.50.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in shares of SodaStream International by 253.0% in the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of SodaStream International in the 1st quarter worth about $151,000. First Allied Advisory Services Inc. bought a new position in shares of SodaStream International in the 2nd quarter worth about $226,000. Caxton Associates LP bought a new position in shares of SodaStream International in the 1st quarter worth about $243,000. Finally, Private Advisory Group LLC bought a new position in shares of SodaStream International in the 1st quarter worth about $246,000. Institutional investors own 47.71% of the company’s stock.
The stock has a 50-day moving average of $59.19 and a 200 day moving average of $54.17. The firm has a market capitalization of $1.33 billion, a P/E ratio of 22.61 and a beta of 1.20.
SodaStream International (NASDAQ:SODA) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.13. The firm had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Equities research analysts anticipate that SodaStream International Ltd. will post $2.74 earnings per share for the current year.
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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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