Sodastream International Ltd (NASDAQ:SODA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm presently has a $61.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.50% from the stock’s current price.

According to Zacks, “SodaStream International Ltd. is engaged in the manufacture of home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO 2) cylinders, as well as consumables, consisting of CO 2 refills, reusable carbonation bottles and flavors to add to the carbonated water. Its products are sold under the brand name SodaStream and Soda-Club. SodaStream’s products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, the Company’s products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. SodaStream International Ltd. is headquartered in Airport City, Israel. “

Other research analysts have also recently issued reports about the stock. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $54.00 target price (down from $60.00) on shares of Sodastream International in a report on Friday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 target price on shares of Sodastream International in a report on Wednesday, April 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.40.

Sodastream International (NASDAQ:SODA) opened at 54.22 on Friday. The company has a 50 day moving average price of $51.90 and a 200 day moving average price of $43.09. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 22.25 and a beta of 1.27. Sodastream International has a 52 week low of $18.34 and a 52 week high of $57.68.

Sodastream International (NASDAQ:SODA) last issued its earnings results on Wednesday, May 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.28. Sodastream International had a net margin of 6.92% and a return on equity of 9.60%. The company had revenue of $115.30 million during the quarter, compared to analysts’ expectations of $110.37 million. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Analysts expect that Sodastream International will post $2.49 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. KCG Holdings Inc. raised its stake in shares of Sodastream International by 40.8% in the first quarter. KCG Holdings Inc. now owns 8,503 shares of the company’s stock worth $412,000 after buying an additional 2,462 shares during the period. Renaissance Technologies LLC raised its stake in shares of Sodastream International by 9.6% in the first quarter. Renaissance Technologies LLC now owns 705,000 shares of the company’s stock worth $34,143,000 after buying an additional 61,800 shares during the period. Morgan Stanley raised its stake in shares of Sodastream International by 84.7% in the first quarter. Morgan Stanley now owns 193,069 shares of the company’s stock worth $9,350,000 after buying an additional 88,549 shares during the period. NorthCoast Asset Management LLC purchased a new stake in shares of Sodastream International during the first quarter worth about $1,316,000. Finally, Geode Capital Management LLC raised its stake in shares of Sodastream International by 14.6% in the first quarter. Geode Capital Management LLC now owns 10,976 shares of the company’s stock worth $531,000 after buying an additional 1,395 shares during the period. 41.54% of the stock is owned by institutional investors and hedge funds.

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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