Caesarstone Sdot-Yam Ltd Hits New 52-Week High at $46.14 (CSTE)
Shares of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) hit a new 52-week high during mid-day trading on Monday, AR Network reports. The stock traded as high as $46.14 and last traded at $44.99, with a volume of 443,220 shares trading hands. The stock had previously closed at $42.36.
CSTE has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 13th. They now have a $46.80 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) from $27.00 to $44.00 in a research note to investors on Friday, August 9th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) from $30.00 to $43.00 in a research note to investors on Thursday, August 8th. They now have an “overweight” rating on the stock.
Four analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $46.66.
Caesarstone Sdot-Yam Ltd has a 52-week low of $13.20 and a 52-week high of $44.70. The stock has a 50-day moving average of $41.43 and a 200-day moving average of $30.17. The company has a market cap of $1.539 billion and a price-to-earnings ratio of 27.61.
Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.12. The company had revenue of $89.00 million for the quarter, compared to the consensus estimate of $84.54 million. During the same quarter last year, the company posted $0.37 earnings per share. Caesarstone Sdot-Yam Ltd’s revenue was up 18.0% compared to the same quarter last year. Analysts expect that Caesarstone Sdot-Yam Ltd will post $1.71 EPS for the current fiscal year.
Caesarstone Sdot-Yam Ltd. (NASDAQ:CSTE) through its subsidiaries is engaged in the manufacturing of engineered quartz surfaces sold under its premium Caesarstone brand.
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