Sodastream International Ltd (NASDAQ:SODA) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities analysts also recently commented on the stock. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $54.00 target price (down previously from $60.00) on shares of Sodastream International in a research note on Friday, May 12th. Zacks Investment Research raised shares of Sodastream International from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Saturday, May 13th. ValuEngine raised shares of Sodastream International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC set a $55.00 target price 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Sodastream International has a consensus rating of “Buy” and an average target price of $60.75.

Sodastream International (NASDAQ:SODA) opened at 59.94 on Friday. The firm’s 50-day moving average price is $57.38 and its 200 day moving average price is $52.72. Sodastream International has a 12-month low of $23.77 and a 12-month high of $63.25. The stock has a market capitalization of $1.31 billion, a P/E ratio of 22.22 and a beta of 1.20.

Sodastream International (NASDAQ:SODA) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.13. The company had revenue of $130.60 million for the quarter, compared to analyst estimates of $129.33 million. Sodastream International had a net margin of 11.00% and a return on equity of 13.57%. Sodastream International’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. On average, equities analysts anticipate that Sodastream International will post $2.74 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Sodastream International Ltd (SODA) Rating Increased to Buy at BidaskClub” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://theolympiareport.com/2017/08/27/sodastream-international-ltd-soda-rating-increased-to-buy-at-bidaskclub.html.

A number of large investors have recently added to or reduced their stakes in SODA. FMR LLC increased its stake in Sodastream International by 1.8% in the second quarter. FMR LLC now owns 2,176,283 shares of the company’s stock valued at $116,474,000 after buying an additional 39,499 shares during the period. Acadian Asset Management LLC increased its stake in Sodastream International by 17.4% in the second quarter. Acadian Asset Management LLC now owns 871,395 shares of the company’s stock valued at $46,639,000 after buying an additional 129,117 shares during the period. Menora Mivtachim Holdings LTD. increased its stake in Sodastream International by 168.6% in the second quarter. Menora Mivtachim Holdings LTD. now owns 837,556 shares of the company’s stock valued at $44,826,000 after buying an additional 525,720 shares during the period. Renaissance Technologies LLC increased its stake in Sodastream International by 16.1% in the second quarter. Renaissance Technologies LLC now owns 818,500 shares of the company’s stock valued at $43,806,000 after buying an additional 113,500 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Sodastream International by 589.3% in the second quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock valued at $21,298,000 after buying an additional 340,223 shares during the period. 48.59% of the stock is currently owned by hedge funds and other institutional investors.

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).

Receive News & Ratings for Sodastream International Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sodastream International Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.