ValuEngine upgraded shares of SodaStream International Ltd. (NASDAQ:SODA) from a hold rating to a buy rating in a research note released on Friday.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of SodaStream International from a hold rating to a buy rating and set a $61.00 price objective for the company in a research note on Saturday, May 13th. Susquehanna Bancshares Inc reissued a neutral rating and set a $54.00 price objective (down from $60.00) on shares of SodaStream International in a research note on Friday, May 12th. BidaskClub cut shares of SodaStream International from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Jefferies Group LLC set a $55.00 price objective on shares of SodaStream International and gave the company a hold rating in a research note on Saturday, July 29th. Finally, UBS AG raised shares of SodaStream International from a neutral rating to a positive rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. SodaStream International currently has an average rating of Buy and a consensus target price of $60.75.

Shares of SodaStream International (NASDAQ SODA) traded up 0.45% during mid-day trading on Friday, reaching $60.50. The company’s stock had a trading volume of 77,890 shares. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.42 and a beta of 1.19. SodaStream International has a 52 week low of $23.77 and a 52 week high of $63.25. The company’s 50-day moving average is $58.56 and its 200-day moving average is $53.25.

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

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Hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its stake in shares of SodaStream International by 589.3% in the second quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock worth $21,298,000 after buying an additional 340,223 shares during the period. Navellier & Associates Inc raised its position in shares of SodaStream International by 1.7% in the second quarter. Navellier & Associates Inc now owns 26,995 shares of the company’s stock worth $1,445,000 after buying an additional 448 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of SodaStream International by 260.0% in the second quarter. Wasatch Advisors Inc. now owns 81,000 shares of the company’s stock worth $4,335,000 after buying an additional 58,500 shares in the last quarter. Scotia Capital Inc. raised its position in shares of SodaStream International by 36.9% in the second quarter. Scotia Capital Inc. now owns 44,955 shares of the company’s stock worth $2,406,000 after buying an additional 12,125 shares in the last quarter. Finally, Private Advisory Group LLC raised its position in shares of SodaStream International by 36.2% in the second quarter. Private Advisory Group LLC now owns 6,906 shares of the company’s stock worth $370,000 after buying an additional 1,834 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

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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