Caesarstone (CSTE) Receives News Impact Rating of 0.18
News coverage about Caesarstone (NASDAQ:CSTE) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Caesarstone earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.7107331177575 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- ETFs with exposure to Caesarstone Ltd. : October 11, 2017 (finance.yahoo.com)
- Caesarstone Ltd. :CSTE-US: Earnings Analysis: Q2, 2017 By the Numbers : October 10, 2017 (finance.yahoo.com)
- Caesarstone Ltd. (CSTE) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Reasons to Dump NCI Building Systems From Your Portfolio – Nasdaq (nasdaq.com)
Several equities analysts recently commented on CSTE shares. Zacks Investment Research raised Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating and set a $47.00 price target on shares of Caesarstone in a research report on Thursday, August 3rd. TheStreet lowered Caesarstone from a “b-” rating to a “c+” rating in a research report on Wednesday, June 28th. BidaskClub lowered Caesarstone from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Credit Suisse Group initiated coverage on Caesarstone in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $37.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Caesarstone currently has an average rating of “Hold” and a consensus target price of $38.20.
Shares of Caesarstone (NASDAQ:CSTE) traded down 0.34% during trading on Wednesday, hitting $29.25. The company’s stock had a trading volume of 110,065 shares. Caesarstone has a 1-year low of $26.35 and a 1-year high of $44.00. The firm’s 50 day moving average is $29.18 and its 200-day moving average is $34.20. The company has a market capitalization of $1.00 billion, a P/E ratio of 16.71 and a beta of 2.07.
Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.42 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $148.35 million. During the same quarter in the prior year, the business posted $0.73 EPS. Caesarstone’s revenue was up 4.6% compared to the same quarter last year. Analysts forecast that Caesarstone will post $1.94 EPS for the current fiscal year.
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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