Roth Capital Downgrades Sodastream International Ltd to Neutral

Brokerage firm Roth Capital Downgrades its rating on Sodastream International Ltd(NASDAQ:SODA). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Roth Capital was issued on Aug 3, 2016.

In a different note, On Jul 15, 2016, Jefferies said it Maintains its rating on Sodastream International Ltd. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Hold’ by the firm. On May 12, 2016, Jefferies said it Maintains its rating on Sodastream International Ltd. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Hold’ by the firm.

Sodastream International Ltd (SODA) made into the market gainers list on Fridays trading session with the shares advancing 2.47% or 0.71 points. Due to strong positive momentum, the stock ended at $29.47, which is also near the day’s high of $29.48. The stock began the session at $28.8 and the volume stood at 3,08,355 shares. The 52-week high of the shares is $29.53 and the 52 week low is $11.4. The company has a current market capitalization of $622 M and it has 2,11,04,117 shares in outstanding.

Sodastream International Ltd(SODA) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $119.16M. Analysts had an estimated revenue of $105.72M. Earnings per share were $0.44. Analysts had estimated an EPS of $0.21.

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).

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