Deutsche Bank Comments on SodaStream (SODA) Following Q2 Results
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Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Deutsche Bank maintained a Hold rating on SodaStream International (NASDAQ: SODA) with a price target of $32. The change follows Q2 results. Analyst Bill Schmitz Jr said fundamental trends remain uncertain.
"Company hasn’t been able to prove that household penetration can expand and higher margin consumables trends can continue to grow after lapping 2013 growth in US. While there is decent opportunity to shift mix to consumables amongst loyal users, US distribution build-out is complete and it is incumbent on management to drive same door growth, which is considerably more difficult. Maintain Hold rating noting that while valuation is more reasonable at these levels, fundamental trends from here remain uncertain," said Schmitz.
For an analyst ratings summary and ratings history on SodaStream International click here. For more ratings news on SodaStream International click here.
Shares of SodaStream International closed at $29.77 yesterday.
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