SodaStream International Ltd. (NASDAQ:SODA) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded SodaStream International from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Saturday, May 13th. ValuEngine upgraded SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $54.00 price objective (down from $60.00) on shares of SodaStream International in a research report on Friday, May 12th. Jefferies Group LLC set a $55.00 price objective on SodaStream International and gave the stock a “hold” rating in a research report on Saturday, July 29th. Finally, UBS AG upgraded SodaStream International from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.75.

Shares of SodaStream International (NASDAQ SODA) traded down 0.45% on Friday, reaching $59.94. The company had a trading volume of 120,711 shares. The company’s 50-day moving average price is $57.14 and its 200 day moving average price is $52.62. SodaStream International has a 52 week low of $23.77 and a 52 week high of $63.25. The firm has a market capitalization of $1.31 billion, a P/E ratio of 22.22 and a beta of 1.20.

SodaStream International (NASDAQ:SODA) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.13. The business had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, analysts expect that SodaStream International will post $2.74 EPS for the current year.

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A number of large investors have recently made changes to their positions in SODA. Alliancebernstein L.P. purchased a new stake in shares of SodaStream International during the first quarter valued at approximately $3,434,000. Norges Bank purchased a new stake in shares of SodaStream International during the fourth quarter valued at approximately $1,028,000. Clinton Group Inc. purchased a new stake in shares of SodaStream International during the first quarter valued at approximately $327,000. O Shaughnessy Asset Management LLC boosted its stake in shares of SodaStream International by 31.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 43,352 shares of the company’s stock valued at $2,100,000 after buying an additional 10,458 shares during the last quarter. Finally, Steinberg Global Asset Management boosted its stake in shares of SodaStream International by 9.1% in the first quarter. Steinberg Global Asset Management now owns 7,505 shares of the company’s stock valued at $363,000 after buying an additional 626 shares during the last quarter. 48.59% of the stock is currently owned by hedge funds and other institutional investors.

About SodaStream International

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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