Caesarstone Ltd. (NASDAQ:CSTE) has received a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $39.25.
Several research firms have commented on CSTE. Zacks Investment Research raised shares of Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, October 4th. Credit Suisse Group started coverage on shares of Caesarstone in a report on Thursday, June 22nd. They issued a “neutral” rating and a $37.00 price target on the stock. TheStreet cut shares of Caesarstone from a “b-” rating to a “c+” rating in a report on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price target on shares of Caesarstone in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Caesarstone from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC grew its position in shares of Caesarstone by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,328 shares of the construction company’s stock valued at $116,000 after purchasing an additional 384 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Caesarstone by 63.5% during the 2nd quarter. SG Americas Securities LLC now owns 4,577 shares of the construction company’s stock valued at $160,000 after purchasing an additional 1,778 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Caesarstone during the 1st quarter valued at $181,000. HighTower Advisors LLC purchased a new position in shares of Caesarstone during the 1st quarter valued at $214,000. Finally, Sensato Investors LLC purchased a new position in shares of Caesarstone during the 2nd quarter valued at $207,000. Hedge funds and other institutional investors own 52.87% of the company’s stock.
Shares of Caesarstone (CSTE
) opened at 29.05 on Wednesday. Caesarstone has a 1-year low of $26.35 and a 1-year high of $44.00. The company has a market cap of $997.49 million, a price-to-earnings ratio of 16.60 and a beta of 2.07. The firm has a 50-day moving average price of $29.23 and a 200 day moving average price of $34.07.
Caesarstone (NASDAQ:CSTE) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.14). Caesarstone had a return on equity of 14.21% and a net margin of 11.21%. The firm had revenue of $148.90 million for the quarter, compared to the consensus estimate of $148.35 million. During the same period in the prior year, the business earned $0.73 EPS. Caesarstone’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Caesarstone will post $1.94 EPS for the current fiscal year.
Caesarstone Company Profile
Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.
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