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Bank of America initiated coverage on shares of Caesarstone Sdot-Yam (NASDAQ:CSTE) in a research note issued on Friday. The firm set a “buy” rating on the stock.

A number of other firms have also recently commented on CSTE. Analysts at Barclays raised their price target on shares of Caesarstone Sdot-Yam from $60.00 to $61.00 in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Caesarstone Sdot-Yam from $60.00 to $62.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $54.75.

Caesarstone Sdot-Yam (NASDAQ:CSTE) opened at 46.79 on Friday. Caesarstone Sdot-Yam has a 1-year low of $29.95 and a 1-year high of $61.91. The stock has a 50-day moving average of $47.58 and a 200-day moving average of $51.45. The company has a market cap of $1.629 billion and a P/E ratio of 25.26.

Caesarstone Sdot-Yam (NASDAQ:CSTE) last announced its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $94.40 million for the quarter, compared to the consensus estimate of $89.13 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. Analysts expect that Caesarstone Sdot-Yam will post $2.19 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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