Caesarstone Ltd. (NASDAQ:CSTE) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.25.

A number of brokerages have issued reports on CSTE. Zacks Investment Research cut Caesarstone from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Chardan Capital reaffirmed a “neutral” rating and set a $32.00 target price (down previously from $43.00) on shares of Caesarstone in a research report on Tuesday, November 7th. Finally, J P Morgan Chase & Co cut Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 target price for the company. in a research report on Thursday, November 2nd.

Several hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Caesarstone by 1.1% during the second quarter. Rhumbline Advisers now owns 25,918 shares of the construction company’s stock worth $908,000 after buying an additional 279 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Caesarstone by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,328 shares of the construction company’s stock worth $116,000 after buying an additional 384 shares during the last quarter. Analyst IMS Investment Management Services Ltd. lifted its holdings in shares of Caesarstone by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 132,815 shares of the construction company’s stock worth $4,655,000 after buying an additional 441 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Caesarstone by 5.5% during the second quarter. Alliancebernstein L.P. now owns 30,700 shares of the construction company’s stock worth $1,076,000 after buying an additional 1,600 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Caesarstone by 2.3% during the second quarter. California Public Employees Retirement System now owns 72,700 shares of the construction company’s stock worth $2,548,000 after buying an additional 1,600 shares during the last quarter. Institutional investors own 49.64% of the company’s stock.

Shares of Caesarstone (NASDAQ CSTE) opened at $23.45 on Thursday. The stock has a market capitalization of $827.57, a P/E ratio of 17.72 and a beta of 2.10. The company has a current ratio of 3.31, a quick ratio of 2.20 and a debt-to-equity ratio of 0.02. Caesarstone has a 12-month low of $23.00 and a 12-month high of $44.00.

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Caesarstone Company Profile

Caesarstone Ltd., formerly 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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