SodaStream International Ltd. (NASDAQ:SODA) dropped 2% on Thursday . The company traded as low as $27.79 and last traded at $27.80, with a volume of 78,104 shares changing hands. The stock had previously closed at $28.37.

SODA has been the topic of a number of recent research reports. Zacks Investment Research raised SodaStream International from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, May 4th. Roth Capital reaffirmed a “buy” rating on shares of SodaStream International in a report on Thursday, May 12th. Jefferies Group lifted their price objective on SodaStream International from $15.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, May 12th. Finally, Susquehanna reaffirmed a “hold” rating and set a $20.00 price objective on shares of SodaStream International in a report on Sunday, July 3rd. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. SodaStream International currently has a consensus rating of “Hold” and a consensus price target of $24.00.

The firm has a 50-day moving average of $26.89 and a 200-day moving average of $19.61. The company has a market capitalization of $589.06 million and a PE ratio of 30.97.

SodaStream International (NASDAQ:SODA) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.16. During the same period in the prior year, the company earned $0.17 earnings per share. The company earned $119.20 million during the quarter, compared to the consensus estimate of $105.72 million. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, equities analysts expect that SodaStream International Ltd. will post $1.14 earnings per share for the current fiscal year.

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. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).

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