BidaskClub upgraded shares of Caesarstone (NASDAQ:CSTE) from a sell rating to a hold rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Several other analysts have also issued reports on the stock. Stifel Nicolaus upgraded shares of Caesarstone from a hold rating to a buy rating and raised their price target for the stock from $17.00 to $19.00 in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of Caesarstone from a buy rating to a hold rating in a research report on Tuesday, August 13th. Finally, ValuEngine upgraded shares of Caesarstone from a buy rating to a strong-buy rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Caesarstone presently has an average rating of Hold and a consensus price target of $16.33.

Shares of CSTE opened at $16.60 on Friday. The company has a market capitalization of $570.35 million, a PE ratio of 23.06 and a beta of 1.48. Caesarstone has a one year low of $12.49 and a one year high of $21.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.24 and a quick ratio of 1.98. The company’s fifty day moving average price is $15.06 and its 200 day moving average price is $15.17.

Caesarstone (NASDAQ:CSTE) last announced its earnings results on Wednesday, August 7th. The construction company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. The firm had revenue of $141.07 million for the quarter, compared to the consensus estimate of $147.02 million. Caesarstone had a net margin of 3.20% and a return on equity of 3.80%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Analysts anticipate that Caesarstone will post 0.7 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Caesarstone by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,774 shares of the construction company’s stock worth $1,184,000 after purchasing an additional 949 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Caesarstone by 29.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,667 shares of the construction company’s stock worth $85,000 after purchasing an additional 1,301 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Caesarstone by 0.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 653,597 shares of the construction company’s stock worth $9,824,000 after purchasing an additional 1,810 shares during the last quarter. Bank of Montreal Can grew its position in Caesarstone by 233.7% in the 2nd quarter. Bank of Montreal Can now owns 2,683 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,879 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Caesarstone by 16.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 18,481 shares of the construction company’s stock worth $277,000 after purchasing an additional 2,567 shares during the last quarter. Institutional investors own 45.59% of the company’s stock.

Caesarstone Company Profile

Caesarstone Ltd., together with its subsidiaries, manufactures and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. Its engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market.

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