CaesarStone Sdot-Yam Ltd. (CSTE) Given Average Rating of “Buy” by Brokerages
Shares of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $44.80.
Several brokerages have recently weighed in on CSTE. Zacks Investment Research raised shares of CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $47.00 target price on shares of CaesarStone Sdot-Yam in a research report on Wednesday, June 29th. Finally, TheStreet raised shares of CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a research report on Monday, August 15th.
Shares of CaesarStone Sdot-Yam (NASDAQ:CSTE) traded down 0.32% on Thursday, hitting $37.30. 83,741 shares of the stock were exchanged. The company’s 50 day moving average is $38.48 and its 200-day moving average is $37.36. The stock has a market cap of $1.30 billion, a PE ratio of 17.43 and a beta of 2.03. CaesarStone Sdot-Yam has a 52-week low of $27.31 and a 52-week high of $43.52.
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CaesarStone Sdot-Yam (NASDAQ:CSTE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $142.30 million for the quarter, compared to analysts’ expectations of $139.53 million. CaesarStone Sdot-Yam had a net margin of 14.46% and a return on equity of 19.69%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Analysts predict that CaesarStone Sdot-Yam will post $2.58 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Societe Generale bought a new position in CaesarStone Sdot-Yam during the second quarter worth approximately $108,000. SG Americas Securities LLC acquired a new stake in shares of CaesarStone Sdot-Yam during the second quarter valued at about $108,000. Quantbot Technologies LP acquired a new stake in shares of CaesarStone Sdot-Yam during the second quarter valued at about $138,000. BlackRock Inc. boosted its stake in shares of CaesarStone Sdot-Yam by 22,908.0% in the second quarter. BlackRock Inc. now owns 5,752 shares of the company’s stock valued at $200,000 after buying an additional 5,727 shares in the last quarter. Finally, Alpine Partners VI LLC acquired a new stake in shares of CaesarStone Sdot-Yam during the first quarter valued at about $227,000. 63.75% of the stock is currently owned by institutional investors.
CaesarStone Sdot-Yam Company Profile
Caesarstone Sdot-Yam Ltd. is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.
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