Shares of Caesarstone Ltd (NASDAQ:CSTE) have earned a consensus recommendation of “Sell” from the six research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $16.00.

Several research analysts have issued reports on CSTE shares. Credit Suisse Group decreased their price target on shares of Caesarstone from $15.00 to $13.00 and set a “sell” rating on the stock in a research report on Thursday, November 8th. Zacks Investment Research lowered shares of Caesarstone from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. ValuEngine upgraded shares of Caesarstone from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Finally, BidaskClub upgraded shares of Caesarstone from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSTE. Nisa Investment Advisors LLC purchased a new position in shares of Caesarstone during the 3rd quarter valued at $137,000. FMR LLC purchased a new position in shares of Caesarstone during the 2nd quarter valued at $151,000. Marshall Wace North America L.P. purchased a new position in shares of Caesarstone during the 3rd quarter valued at $214,000. Hartford Investment Management Co. purchased a new position in shares of Caesarstone during the 3rd quarter valued at $305,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Caesarstone during the 3rd quarter valued at $375,000. Hedge funds and other institutional investors own 45.80% of the company’s stock.

Shares of NASDAQ:CSTE opened at $14.11 on Friday. Caesarstone has a 12 month low of $12.49 and a 12 month high of $24.95. The company has a market cap of $495.99 million, a P/E ratio of 10.61 and a beta of 1.83. The company has a current ratio of 3.60, a quick ratio of 2.05 and a debt-to-equity ratio of 0.02.

Caesarstone (NASDAQ:CSTE) last announced its earnings results on Wednesday, November 7th. The construction company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Caesarstone had a return on equity of 6.40% and a net margin of 2.93%. The firm had revenue of $147.70 million for the quarter, compared to analysts’ expectations of $155.54 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, analysts anticipate that Caesarstone will post 0.81 earnings per share for the current fiscal year.

Caesarstone Company Profile

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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