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 Thursday, StockRatingsNetwork.com reports. They currently have a $69.20 price target on the stock. Zacks‘ price objective suggests a potential upside of 17.91% from the stock’s previous close.
Shares of Sodastream International (NASDAQ: SODA) traded up 1.04% during mid-day trading on Thursday, hitting $59.30. Sodastream International has a one year low of $33.15 and a one year high of $77.80. The stock’s 50-day moving average is currently $67.84. The company has a market cap of $1.226 billion and a P/E ratio of 26.92.
Sodastream International (NASDAQ:SODA) last released its earnings data on Wednesday, May 8th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.14. The company had revenue of $117.60 million for the quarter, compared to the consensus estimate of $113.11 million. During the same quarter last year, the company posted $0.48 earnings per share. Sodastream International’s revenue was up 33.8% compared to the same quarter last year. On average, analysts predict that Sodastream International will post $2.51 earnings per share for the current fiscal year.
SODA has been the subject of a number of other recent research reports. Analysts at Oppenheimer downgraded shares of Sodastream International from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 12th. They now have a $85.00 price target on the stock. Separately, analysts at Roth Capital reiterated a “buy” rating on shares of Sodastream International in a research note to investors on Tuesday, July 9th. They now have a $75.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Sodastream International from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 3rd.
Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $76.20.
SodaStream International Ltd., along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products.
To view Zacks’ full report, visit www.zacks.com
This article (Sodastream International Stock Rating Lowered by Zacks (SODA)) was originally developed by and is property of American Banking News.
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