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Sodastream International (NASDAQ:SODA) was downgraded by stock analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Thursday. They currently have a $35.00 price objective on the stock, down from their previous price objective of $40.00. Barclays’ price target would indicate a potential downside of 11.66% from the company’s current price.

The analysts wrote, “We view the near-term execution and competitive risks as real challenges for SODA. We are onboard with management’s strategy in the US including significant product placement at WMT in the summer. However, at this stage we believe the risk/reward is weighted more heavily towards risk. “Our new $35 PT from $40 is based on 15x (from 17x previously) our new 2015 EPS of $2.30 (from $2.35). We see less risk in other companies and in its comps group and expect SODA to underperform. We downgrade our rating from Equal Weight to Underweight.”

Sodastream International (NASDAQ:SODA) traded down 3.66% during mid-day trading on Thursday, hitting $38.17. The stock had a trading volume of 847,226 shares. Sodastream International has a 52-week low of $35.27 and a 52-week high of $77.80. The stock’s 50-day moving average is $41.23 and its 200-day moving average is $44.91. The company has a market cap of $798.1 million and a P/E ratio of 26.88.

Sodastream International (NASDAQ:SODA) last released its earnings data on Wednesday, May 14th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.07. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $117.96 million. During the same quarter last year, the company posted $0.57 earnings per share. Sodastream International’s revenue was up .5% compared to the same quarter last year. Analysts expect that Sodastream International will post $1.88 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Sodastream International from $39.00 to $41.00 in a research note on Thursday, May 15th. Separately, analysts at Citigroup Inc. cut their price target on shares of Sodastream International from $48.00 to $47.00 in a research note on Thursday, May 15th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Sodastream International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 29th. They now have a $43.50 price target on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.15.

SodaStream International Ltd., formerly Soda-Club Holdings Ltd., along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products.

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