BidaskClub downgraded shares of SodaStream International Ltd. (NASDAQ:SODA) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

Other analysts have also recently issued reports about the company. 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 $60.00 price target (up from $58.00) on shares of SodaStream International in a research report on Tuesday, April 25th. Jefferies Group LLC reiterated a hold rating and set a $50.00 price target on shares of SodaStream International in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded SodaStream International from a hold rating to a buy rating and set a $61.00 price target for the company in a research report on Saturday, May 13th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. SodaStream International currently has a consensus rating of Hold and a consensus price target of $47.40.

Shares of SodaStream International (SODA) traded up 1.04% during midday trading on Tuesday, reaching $57.06. 107,854 shares of the company’s stock were exchanged. The company’s 50-day moving average is $54.05 and its 200-day moving average is $50.43. The stock has a market cap of $1.23 billion, a P/E ratio of 23.41 and a beta of 1.19. SodaStream International has a one year low of $23.77 and a one year high of $59.00.

SodaStream International (NASDAQ:SODA) last announced its earnings results on Wednesday, May 10th. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.28. The business had revenue of $115.30 million during the quarter, compared to the consensus estimate of $110.37 million. SodaStream International had a return on equity of 13.96% and a net margin of 10.83%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. Equities analysts expect that SodaStream International will post $2.55 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of SodaStream International by 105.6% in the first quarter. Bank of America Corp DE now owns 2,921 shares of the company’s stock valued at $142,000 after buying an additional 55,479 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of SodaStream International during the first quarter valued at approximately $151,000. Allianz Asset Management AG purchased a new stake in shares of SodaStream International during the fourth quarter valued at approximately $242,000. Caxton Associates LP purchased a new stake in shares of SodaStream International during the first quarter valued at approximately $243,000. Finally, Private Advisory Group LLC purchased a new stake in shares of SodaStream International during the first quarter valued at approximately $246,000. Hedge funds and other institutional investors own 44.83% of the company’s stock.

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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