Caesarstone Sdot-Yam Ltd Hits New 52-Week High at $52.74 (CSTE)
Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE)’s share price reached a new 52-week high during trading on Tuesday, Stock Ratings Network reports. The stock traded as high as $52.74 and last traded at $51.58, with a volume of 265,364 shares traded. The stock had previously closed at $49.59.
A number of analysts have recently weighed in on CSTE shares. Analysts at Zacks downgraded shares of Caesarstone Sdot-Yam Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $53.60 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Caesarstone Sdot-Yam Ltd in a research note to investors on Monday, December 9th. They set an “outperform” rating and a $53.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.02.
Caesarstone Sdot-Yam Ltd has a 52 week low of $16.53 and a 52 week high of $52.45. The stock’s 50-day moving average is $48.5 and its 200-day moving average is $41.16. The company has a market cap of $1.824 billion and a P/E ratio of 30.40.
Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) last announced its earnings results on Wednesday, November 6th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.03. The company had revenue of $94.30 million for the quarter, compared to the consensus estimate of $87.95 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. On average, analysts predict that Caesarstone Sdot-Yam Ltd will post $1.72 earnings per share 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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