SodaStream International Ltd. (NASDAQ:SODA) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of SodaStream International Ltd. (NASDAQ:SODA) from a strong-buy rating to a buy rating in a report published on Tuesday, July 25th.

SODA has been the subject of several other research reports. Zacks Investment Research cut SodaStream International from a strong-buy rating to a hold rating in a research note on Wednesday, April 19th. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $54.00 target price (down previously from $60.00) on shares of SodaStream International in a research note on Friday, May 12th. Jefferies Group LLC reiterated a hold rating and issued a $50.00 price target on shares of SodaStream International in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded SodaStream International from a hold rating to a buy rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. SodaStream International currently has an average rating of Buy and a consensus price target of $60.75.

SodaStream International (NASDAQ SODA) traded up 1.78% on Tuesday, hitting $58.88. 157,612 shares of the company traded hands. The stock’s 50-day moving average is $55.81 and its 200 day moving average is $51.66. SodaStream International has a 12 month low of $23.77 and a 12 month high of $63.25. The firm has a market capitalization of $1.28 billion, a P/E ratio of 21.82 and a beta of 1.20.

SodaStream International (NASDAQ:SODA) last announced its earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.13. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The business had revenue of $130.60 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that SodaStream International will post $2.77 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in 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 SodaStream International during the first quarter worth $151,000. Allianz Asset Management AG purchased a new stake in SodaStream International during the fourth quarter worth $242,000. Caxton Associates LP purchased a new stake in SodaStream International during the first quarter worth $243,000. Finally, Private Advisory Group LLC purchased a new stake in SodaStream International during the first quarter worth $246,000. Institutional investors own 48.50% of the company’s stock.

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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