Sodastream (SODA) Shares Rallying Amid 'Widespread Stockouts' of Products
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Price: $143.68 --0%
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
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Shares of Sodastream (Nasdaq: SODA) are up more than 5 percent at last check as Monness, Crespi, Hardt & Co.'s Jim Chartier issued a note Tuesday morning showing a recent survey of channel checks which indicated "widespread stockouts" of its products. Soda shares last traded at $34.41.
The survey of more than 1,500 retailers around the US (including Target, Staples, Best Buy, JCPenney and Macy's) implied "very strong" sell-through of the actual Sodastream machine as well as the company's variety of flavors. While the analyst noted the above mentioned chains account for about 48 percent of Soda's US locations but make up a smaller percentage of sales, he said the survey still bodes very well for the company's 2012 sales.
Chartier sees Sodastream beating the Street's fourth-quarter earnings estimate. The analyst's EPS estimate currently sits at 28 cents, above the analyst consensus of 23 cents.
The analyst reiterated a Buy rating and $70 price target on shares of Sodastream. The price target represents upside of about 104 percent from where the stock is currently trading.
To track all the market-moving action on shares of Sodastream, visit our Analyst Ratings page.
The survey of more than 1,500 retailers around the US (including Target, Staples, Best Buy, JCPenney and Macy's) implied "very strong" sell-through of the actual Sodastream machine as well as the company's variety of flavors. While the analyst noted the above mentioned chains account for about 48 percent of Soda's US locations but make up a smaller percentage of sales, he said the survey still bodes very well for the company's 2012 sales.
Chartier sees Sodastream beating the Street's fourth-quarter earnings estimate. The analyst's EPS estimate currently sits at 28 cents, above the analyst consensus of 23 cents.
The analyst reiterated a Buy rating and $70 price target on shares of Sodastream. The price target represents upside of about 104 percent from where the stock is currently trading.
To track all the market-moving action on shares of Sodastream, visit our Analyst Ratings page.
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