Zacks Investment Research lowered shares of SodaStream International Ltd. (NASDAQ:SODA) from a buy rating to a hold rating in a research report report published on Wednesday.

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 reports. ValuEngine cut SodaStream International from a buy rating to a hold rating in a research note on Monday, October 2nd. Susquehanna Bancshares Inc reaffirmed a positive rating and set a $79.00 price objective (up from $58.00) on shares of SodaStream International in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a hold rating and set a $55.00 price objective on shares of SodaStream International in a research report on Thursday, August 31st. BidaskClub cut SodaStream International from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Finally, UBS AG raised SodaStream International from a neutral rating to a positive rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $63.50.

Shares of SodaStream International (SODA) opened at 61.58 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 22.82 and a beta of 1.22. The company’s 50 day moving average price is $61.11 and its 200 day moving average price is $56.04. SodaStream International has a 12 month low of $23.77 and a 12 month high of $67.75.

SodaStream International (NASDAQ:SODA) last posted its earnings results 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 company had revenue of $130.60 million for the quarter, compared to analysts’ expectations of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. SodaStream International’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. On average, equities analysts expect that SodaStream International will post $2.75 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in SodaStream International by 253.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,764 shares of the company’s stock valued at $148,000 after acquiring an additional 1,981 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in SodaStream International by 5.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,298 shares of the company’s stock valued at $177,000 after acquiring an additional 185 shares in the last quarter. First Allied Advisory Services Inc. bought a new stake in SodaStream International during the 2nd quarter valued at approximately $226,000. Caxton Associates LP bought a new stake in SodaStream International during the 1st quarter valued at approximately $243,000. Finally, Private Advisory Group LLC bought a new stake in SodaStream International during the 1st quarter valued at approximately $246,000. 47.71% of the stock is currently owned by institutional investors and hedge funds.

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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