Longbow Research cut shares of Sodastream International (NASDAQ:SODA) from a buy rating to a neutral rating in a research report sent to investors on Friday morning, TheFlyOnTheWall.com reports. The firm currently has $68.00 price target on the stock.
SODA has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Sodastream International from $67.00 to $63.00 in a research note to investors on Thursday, October 31st. They now have a hold rating on the stock. Separately, analysts at Deutsche Bank set a $58.00 price target on shares of Sodastream International in a research note to investors on Thursday, October 31st. They now have a hold rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Sodastream International from a hold rating to a sell rating in a research note to investors on Thursday, October 31st. They now have a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued 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 price target of $71.84.
Sodastream International (NASDAQ:SODA) opened at 53.33 on Friday. Sodastream International has a 52 week low of $38.50 and a 52 week high of $77.80. The stock has a 50-day moving average of $57.03 and a 200-day moving average of $62.84. The company has a market cap of $1.111 billion and a P/E ratio of 24.26.
Sodastream International (NASDAQ:SODA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $144.60 million for the quarter, compared to the consensus estimate of $145.20 million. During the same quarter last year, the company posted $0.80 earnings per share. Sodastream International’s revenue was up 28.5% compared to the same quarter last year. On average, analysts predict that Sodastream International will post $2.57 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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