Shares of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $39.50.

A number of equities research analysts recently commented on CSTE shares. TheStreet upgraded shares of CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Stifel Nicolaus lowered shares of CaesarStone Sdot-Yam from a “buy” rating to a “hold” rating and lowered their price target for the company from $48.00 to $30.00 in a report on Thursday, November 3rd. Zacks Investment Research lowered shares of CaesarStone Sdot-Yam from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Chardan Capital lowered their price target on shares of CaesarStone Sdot-Yam from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, November 7th. Finally, JPMorgan Chase & Co. lowered shares of CaesarStone Sdot-Yam from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 2nd.

CaesarStone Sdot-Yam (NASDAQ:CSTE) opened at 29.00 on Thursday. The company’s 50 day moving average is $33.63 and its 200-day moving average is $36.52. The company has a market capitalization of $997.95 million, a price-to-earnings ratio of 13.07 and a beta of 2.05. CaesarStone Sdot-Yam has a 52-week low of $26.45 and a 52-week high of $43.52.

CaesarStone Sdot-Yam (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.07. CaesarStone Sdot-Yam had a net margin of 14.74% and a return on equity of 19.20%. The firm had revenue of $144.30 million for the quarter, compared to the consensus estimate of $152.84 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that CaesarStone Sdot-Yam will post $2.20 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in CaesarStone Sdot-Yam by 4.0% in the second quarter. Citigroup Inc. now owns 9,423 shares of the company’s stock worth $327,000 after buying an additional 359 shares in the last quarter. Genesee Valley Trust Co. increased its stake in CaesarStone Sdot-Yam by 7.9% in the second quarter. Genesee Valley Trust Co. now owns 6,681 shares of the company’s stock worth $232,000 after buying an additional 490 shares in the last quarter. California State Teachers Retirement System increased its stake in CaesarStone Sdot-Yam by 1.0% in the third quarter. California State Teachers Retirement System now owns 50,477 shares of the company’s stock worth $1,903,000 after buying an additional 500 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in CaesarStone Sdot-Yam by 20.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,172 shares of the company’s stock worth $120,000 after buying an additional 540 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in CaesarStone Sdot-Yam by 9.4% in the third quarter. Eagle Global Advisors LLC now owns 10,500 shares of the company’s stock worth $396,000 after buying an additional 900 shares in the last quarter. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

CaesarStone Sdot-Yam Company Profile

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.

5 Day Chart for NASDAQ:CSTE

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