BidaskClub upgraded shares of Caesarstone (NASDAQ:CSTE) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning.

Other analysts also recently issued reports about the company. Chardan Capital raised Caesarstone from a neutral rating to a buy rating and set a $32.00 target price for the company in a report on Monday, January 8th. Zacks Investment Research raised Caesarstone from a strong sell rating to a hold rating in a report on Tuesday, January 2nd. Credit Suisse Group downgraded Caesarstone from a neutral rating to an underperform rating and reduced their target price for the company from $28.00 to $21.00 in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. downgraded Caesarstone from a neutral rating to an underweight rating and set a $25.00 price objective for the company. in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Caesarstone currently has a consensus rating of Hold and an average price target of $31.80.

Shares of Caesarstone (NASDAQ CSTE) opened at $21.45 on Thursday. Caesarstone has a fifty-two week low of $19.55 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.97 and a quick ratio of 2.20. The firm has a market capitalization of $736.57, a PE ratio of 19.32 and a beta of 1.88.

Caesarstone (NASDAQ:CSTE) last posted its earnings results on Wednesday, February 7th. The construction company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.08). Caesarstone had a net margin of 4.52% and a return on equity of 8.50%. The firm had revenue of $148.14 million during the quarter, compared to analysts’ expectations of $144.97 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. analysts anticipate that Caesarstone will post 1.36 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CSTE. SG Americas Securities LLC raised its stake in Caesarstone by 53.9% during the 3rd quarter. SG Americas Securities LLC now owns 7,042 shares of the construction company’s stock valued at $210,000 after acquiring an additional 2,465 shares during the last quarter. Janney Capital Management LLC purchased a new stake in Caesarstone during the 3rd quarter valued at approximately $213,000. Principal Financial Group Inc. purchased a new stake in Caesarstone during the 2nd quarter valued at approximately $225,000. Stevens Capital Management LP purchased a new stake in Caesarstone during the 3rd quarter valued at approximately $226,000. Finally, Koch Industries Inc. purchased a new stake in Caesarstone during the 2nd quarter valued at approximately $234,000. 45.84% of the stock is owned by hedge funds and other institutional investors.

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About Caesarstone

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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