Sodastream International Ltd (SODA) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on Sodastream International Ltd. Company shares were Reiterated by Jefferies on May 12, 2016 to “Hold”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .
On the company’s financial health, Sodastream International Ltd reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.21. The company had revenue of $119.20 million for the quarter, compared to analysts expectations of $107.65 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Sodastream International Ltd opened for trading at $27.05 and hit $29.05 on the upside on Tusday, eventually ending the session at $28.25, with a gain of 16.35% or 3.97 points. The heightened volatility saw the trading volume jump to 37,63,031 shares. Company has a market cap of $596 M.
SodaStream International Ltd. (SodaStream) 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 in seconds. It develops manufactures and sells sparkling water makers and exchangeable carbon-dioxide cylinders as well as consumables consisting of carbon-dioxide refills reusable carbonation bottles and flavors to add to the sparkling water. Its products are sold under the SodaStream brand name in most countries and under the Soda-Club brand name or select other brand names in certain other countries. The Company sells its products through more than 70000 individual retail stores in 45 countries including approximately 15000 retail stores in the United States. Its operational segments include The Americas Western Europe Asia-Pacific and Central and Eastern Europe Middle East and Africa (CEMEA).