SodaStream International Ltd. (NASDAQ:SODA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $28.00 target price on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 11.82% from the company’s previous close.

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. “

SODA has been the topic of several other research reports. Susquehanna reissued a “hold” rating on shares of SodaStream International in a research report on Monday, August 22nd. Jefferies Group dropped their target price on shares of SodaStream International from $31.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Roth Capital downgraded shares of SodaStream International from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $33.00 in a research report on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.14.

Analyst Recommendations for SodaStream International (NASDAQ:SODA)

SodaStream International (NASDAQ:SODA) opened at 25.04 on Friday. SodaStream International has a 1-year low of $11.66 and a 1-year high of $30.70. The company’s 50-day moving average is $26.79 and its 200 day moving average is $22.08. The stock has a market capitalization of $529.25 million, a PE ratio of 27.82 and a beta of 1.03.

SodaStream International (NASDAQ:SODA) last released its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $119.20 million for the quarter, compared to the consensus estimate of $105.72 million. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. SodaStream International’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. Equities analysts predict that SodaStream International will post $1.14 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scotia Capital Inc. increased its position in SodaStream International by 3.4% in the first quarter. Scotia Capital Inc. now owns 16,785 shares of the company’s stock valued at $236,000 after buying an additional 550 shares during the period. Granahan Investment Management Inc. MA increased its position in shares of SodaStream International by 2.6% in the first quarter. Granahan Investment Management Inc. MA now owns 436,106 shares of the company’s stock valued at $6,140,000 after buying an additional 10,920 shares during the last quarter. Nantahala Capital Management LLC increased its position in shares of SodaStream International by 3.0% in the first quarter. Nantahala Capital Management LLC now owns 1,410,806 shares of the company’s stock valued at $19,864,000 after buying an additional 40,829 shares during the last quarter. Royal Bank of Canada increased its position in shares of SodaStream International by 113.4% in the first quarter. Royal Bank of Canada now owns 25,052 shares of the company’s stock valued at $353,000 after buying an additional 13,312 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in shares of SodaStream International by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 11,528 shares of the company’s stock valued at $246,000 after buying an additional 394 shares during the last quarter. 38.94% of the stock is owned by institutional investors and hedge funds.

SodaStream International Company Profile

SodaStream International Ltd. (SodaStream) 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).

5 Day Chart for NASDAQ:SODA

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