SodaStream International Ltd. (NASDAQ:SODA) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other brokerages have also issued reports on SODA. ValuEngine upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of SodaStream International from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Saturday, May 13th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $54.00 price objective (down from $60.00) on shares of SodaStream International in a report on Friday, May 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $50.00 price objective on shares of SodaStream International in a report on Wednesday, April 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.40.

Shares of SodaStream International (SODA) traded down 0.44% during midday trading on Tuesday, reaching $57.11. The company had a trading volume of 32,701 shares. SodaStream International has a 12 month low of $23.41 and a 12 month high of $59.00. The firm’s 50 day moving average price is $53.87 and its 200-day moving average price is $50.26. The company has a market capitalization of $1.23 billion, a P/E ratio of 23.43 and a beta of 1.19.

SodaStream International (NASDAQ:SODA) last announced its earnings results on Wednesday, May 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.28. SodaStream International had a net margin of 10.83% and a return on equity of 13.96%. The company had revenue of $115.30 million for the quarter, compared to analyst estimates of $110.37 million. During the same period in the prior year, the business earned $0.29 earnings per share. SodaStream International’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts anticipate that SodaStream International will post $2.55 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of SodaStream International by 105.6% in the first quarter. Bank of America Corp DE now owns 2,921 shares of the company’s stock worth $142,000 after buying an additional 55,479 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of SodaStream International during the first quarter worth $151,000. Allianz Asset Management AG purchased a new stake in shares of SodaStream International during the fourth quarter worth $242,000. Caxton Associates LP purchased a new stake in shares of SodaStream International during the first quarter worth $243,000. Finally, Private Advisory Group LLC purchased a new stake in shares of SodaStream International during the first quarter worth $246,000. 44.83% of the stock is owned by institutional investors.

SodaStream International Company Profile

SodaStream International Ltd. 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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