Caesarstone (NASDAQ:CSTE) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

Several other analysts also recently issued reports on the stock. ValuEngine downgraded shares of Caesarstone from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Zacks Investment Research raised shares of Caesarstone from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, May 7th.

NASDAQ CSTE opened at $14.62 on Thursday. Caesarstone has a one year low of $12.49 and a one year high of $21.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.80 and a current ratio of 3.20. The company has a market capitalization of $503.72 million, a P/E ratio of 20.31 and a beta of 1.64.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.09. Caesarstone had a net margin of 3.96% and a return on equity of 4.78%. The firm had revenue of $128.00 million for the quarter, compared to analyst estimates of $132.66 million. During the same quarter last year, the firm posted $0.10 earnings per share. Caesarstone’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities research analysts predict that Caesarstone will post 0.7 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc grew its position in Caesarstone by 10.4% in the fourth quarter. Legal & General Group Plc now owns 8,616 shares of the construction company’s stock valued at $117,000 after acquiring an additional 813 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Caesarstone in the first quarter valued at approximately $27,000. Public Employees Retirement Association of Colorado grew its position in Caesarstone by 67.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 4,366 shares of the construction company’s stock valued at $68,000 after acquiring an additional 1,766 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Caesarstone in the first quarter valued at approximately $31,000. Finally, Swiss National Bank grew its position in Caesarstone by 7.1% in the first quarter. Swiss National Bank now owns 43,900 shares of the construction company’s stock valued at $685,000 after acquiring an additional 2,900 shares in the last quarter. 45.63% of the stock is owned by institutional investors.

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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