Caesarstone Sdot-Yam Price Target Raised to $60.00 at Barclays (CSTE)
Research analysts at Barclays boosted their price target on shares of Caesarstone Sdot-Yam (NASDAQ:CSTE) from $54.00 to $60.00 in a report released on Thursday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 15.54% from the stock’s previous close.
Shares of Caesarstone Sdot-Yam (NASDAQ:CSTE) traded up 2.73% during mid-day trading on Thursday, hitting $56.79. The stock had a trading volume of 297,380 shares. Caesarstone Sdot-Yam has a 52 week low of $21.25 and a 52 week high of $55.53. The stock’s 50-day moving average is $47.73 and its 200-day moving average is $44.51. The company has a market cap of $1.972 billion and a price-to-earnings ratio of 33.89.
Caesarstone Sdot-Yam (NASDAQ:CSTE) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.08. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $87.58 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 27.0% on a year-over-year basis. Analysts expect that Caesarstone Sdot-Yam will post $2.19 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Caesarstone Sdot-Yam from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $53.60 price target on the stock. Analysts at Credit Suisse initiated coverage on shares of Caesarstone Sdot-Yam in a research note on Monday, December 9th. They set an “outperform” rating and a $53.00 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Caesarstone Sdot-Yam presently has an average rating of “Buy” and an average price target of $53.22.
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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