Shares of Caesarstone Ltd. (NASDAQ:CSTE) have been given an average rating of “Hold” by the eight research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.25.

CSTE has been the topic of a number of research analyst reports. BidaskClub cut Caesarstone from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Caesarstone from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 target price on shares of Caesarstone in a report on Thursday, August 3rd. TheStreet cut Caesarstone from a “b-” rating to a “c+” rating in a report on Wednesday, June 28th. Finally, Chardan Capital cut Caesarstone from a “buy” rating to a “neutral” rating and increased their target price for the stock from $39.00 to $43.00 in a report on Thursday, May 11th.

Shares of Caesarstone (NASDAQ CSTE) opened at 29.90 on Monday. The company’s 50 day moving average is $34.39 and its 200-day moving average is $35.27. Caesarstone has a 12 month low of $26.35 and a 12 month high of $44.00. The company has a market cap of $1.03 billion, a P/E ratio of 17.09 and a beta of 2.08.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.14. The business had revenue of $148.90 million for the quarter, compared to the consensus estimate of $148.35 million. Caesarstone had a return on equity of 14.21% and a net margin of 11.21%. Caesarstone’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. Analysts expect that Caesarstone will post $1.94 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Sphera Funds Management LTD. raised its stake in shares of Caesarstone by 36.5% in the second quarter. Sphera Funds Management LTD. now owns 122,797 shares of the construction company’s stock valued at $4,304,000 after buying an additional 32,823 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Caesarstone by 51.0% in the second quarter. JPMorgan Chase & Co. now owns 25,193 shares of the construction company’s stock valued at $883,000 after buying an additional 8,512 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Caesarstone by 64.7% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 937,716 shares of the construction company’s stock valued at $32,867,000 after buying an additional 368,340 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Caesarstone during the second quarter valued at about $225,000. Finally, Renaissance Group LLC acquired a new stake in shares of Caesarstone during the second quarter valued at about $432,000. 57.48% of the stock is owned by hedge funds and other institutional investors.

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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