Weekly Research Analysts’ Ratings Changes for Caesarstone (CSTE)

Several analysts have recently updated their ratings and price targets for Caesarstone (NASDAQ: CSTE):

  • 10/9/2019 – Caesarstone was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “CaesarStone Ltd manufactures engineered quartz surfaces for residential and commercial buildings as countertops, vanities, wall cladding, floors and other interior surfaces. The company’s product consists of Classico, Supernatural, Motivo and Concetto. CaesarStone Ltd, formerly known as Caesarstone Sdot-Yam Ltd., is based in MP Menashe, Israel. “
  • 10/8/2019 – Caesarstone was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CaesarStone Ltd manufactures engineered quartz surfaces for residential and commercial buildings as countertops, vanities, wall cladding, floors and other interior surfaces. The company’s product consists of Classico, Supernatural, Motivo and Concetto. CaesarStone Ltd, formerly known as Caesarstone Sdot-Yam Ltd., is based in MP Menashe, Israel. “
  • 10/2/2019 – Caesarstone was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 10/2/2019 – Caesarstone was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “CaesarStone Ltd manufactures engineered quartz surfaces for residential and commercial buildings as countertops, vanities, wall cladding, floors and other interior surfaces. The company’s product consists of Classico, Supernatural, Motivo and Concetto. CaesarStone Ltd, formerly known as Caesarstone Sdot-Yam Ltd., is based in MP Menashe, Israel. “
  • 9/14/2019 – Caesarstone was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/10/2019 – Caesarstone was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.

Caesarstone stock traded up $0.06 during mid-day trading on Wednesday, hitting $17.66. 60,538 shares of the company traded hands, compared to its average volume of 122,056. Caesarstone Ltd has a one year low of $12.49 and a one year high of $17.85. The stock has a market cap of $605.44 million, a price-to-earnings ratio of 24.53 and a beta of 1.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 3.24. The stock has a fifty day moving average price of $16.22 and a 200-day moving average price of $15.28.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, August 7th. The construction company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. The firm had revenue of $141.07 million for the quarter, compared to the consensus estimate of $147.02 million. Caesarstone had a net margin of 3.20% and a return on equity of 3.80%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Caesarstone Ltd will post 0.73 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Caesarstone by 46.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 119,500 shares of the construction company’s stock worth $1,797,000 after acquiring an additional 37,998 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Caesarstone by 29.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,667 shares of the construction company’s stock worth $85,000 after acquiring an additional 1,301 shares in the last quarter. Northern Trust Corp raised its stake in shares of Caesarstone by 3.5% during the second quarter. Northern Trust Corp now owns 254,424 shares of the construction company’s stock worth $3,824,000 after acquiring an additional 8,557 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Caesarstone by 233.7% during the second quarter. Bank of Montreal Can now owns 2,683 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,879 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Caesarstone by 19.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 185,158 shares of the construction company’s stock worth $2,783,000 after acquiring an additional 30,011 shares in the last quarter. 45.64% of the stock is currently owned by hedge funds and other institutional investors.

Caesarstone Ltd., together with its subsidiaries, manufactures and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. Its engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market.

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