SodaStream International (SODA) Downgraded by ValuEngine

ValuEngine downgraded shares of SodaStream International (NASDAQ:SODA) from a buy rating to a hold rating in a report published on Friday morning.

SODA has been the topic of several other reports. Zacks Investment Research upgraded shares of SodaStream International from a hold rating to a buy rating and set a $74.00 price objective on the stock in a research note on Tuesday, November 7th. Jefferies Group reiterated a hold rating and issued a $55.00 price target on shares of SodaStream International in a research note on Thursday, August 31st. Susquehanna Bancshares reiterated a buy rating and issued a $90.00 price target on shares of SodaStream International in a research note on Monday, October 2nd. UBS raised shares of SodaStream International from a neutral rating to a positive rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of SodaStream International from a hold rating to a buy rating in a report on Friday, August 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $75.33.

Shares of SodaStream International (SODA) opened at $70.36 on Friday. SodaStream International has a 52 week low of $36.00 and a 52 week high of $71.14. The stock has a market cap of $1,540.60, a price-to-earnings ratio of 24.43 and a beta of 1.20.

SodaStream International (NASDAQ:SODA) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.13. SodaStream International had a net margin of 12.47% and a return on equity of 15.17%. The firm had revenue of $139.80 million for the quarter, compared to analyst estimates of $135.43 million. During the same period in the previous year, the business earned $0.69 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. equities research analysts expect that SodaStream International will post 2.96 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in SodaStream International by 5.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,298 shares of the company’s stock valued at $177,000 after purchasing an additional 185 shares during the period. Van ECK Associates Corp boosted its holdings in SodaStream International by 4.1% in the 2nd quarter. Van ECK Associates Corp now owns 5,508 shares of the company’s stock valued at $295,000 after purchasing an additional 217 shares during the period. Vanguard Group Inc. boosted its holdings in SodaStream International by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,128 shares of the company’s stock valued at $328,000 after purchasing an additional 421 shares during the period. Navellier & Associates Inc boosted its holdings in SodaStream International by 1.7% in the 2nd quarter. Navellier & Associates Inc now owns 26,995 shares of the company’s stock valued at $1,445,000 after purchasing an additional 448 shares during the period. Finally, Caxton Associates LP boosted its holdings in SodaStream International by 10.0% in the 2nd quarter. Caxton Associates LP now owns 5,511 shares of the company’s stock valued at $295,000 after purchasing an additional 500 shares during the period. 51.87% of the stock is owned by hedge funds and other institutional investors.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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