Caesarstone Sdot-Yam Ltd Stock Rating Lowered by Zacks (CSTE)
Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, Analyst Ratings Net reports. They currently have a $49.60 price target on the stock. Zacks‘ price target would suggest a potential upside of 16.43% from the company’s current price.
Shares of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) traded down 4.76% on Tuesday, hitting $42.60. 248,966 shares of the company’s stock traded hands. Caesarstone Sdot-Yam Ltd has a 52-week low of $14.10 and a 52-week high of $48.69. The stock’s 50-day moving average is $43.0 and its 200-day moving average is $32.19. The company has a market cap of $1.474 billion and a price-to-earnings ratio of 29.16.
Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) last released its earnings data 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 in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts predict that Caesarstone Sdot-Yam Ltd will post $1.71 earnings per share for the current fiscal year.
CSTE has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Caesarstone Sdot-Yam Ltd from $27.00 to $44.00 in a research note to investors on Friday, August 9th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Caesarstone Sdot-Yam Ltd 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. Finally, analysts at Barclays Capital raised their price target on shares of Caesarstone Sdot-Yam Ltd from $28.00 to $43.00 in a research note to investors on Thursday, August 8th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.22.
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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