Sodastream Gets a Hold Rating from Jefferies

By Jason Carr

Jefferies analyst Akshay Jagdale reiterated a Hold rating on Sodastream (NASDAQ: SODA) yesterday and set a price target of $55. The company’s shares opened today at $60.23, close to its 52-week high of $63.25.

According to TipRanks.com, Jagdale is a 3-star analyst with an average return of 1.5% and a 48.9% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

Sodastream has an analyst consensus of Moderate Buy, with a price target consensus of $55.

Based on Sodastream’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $131 million and quarterly net profit of $14.37 million. In comparison, last year the company earned revenue of $119 million and had a net profit of $7.82 million.

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SodaStream International Ltd. operates as a holding company, which engages in the development, manufacture, distribution, and marketing of home carbonation systems. Its products include drink maker machines, soda caps, carbonators, reusable carbonation bottles, and flavored syrups.