Caesarstone Ltd. (NASDAQ:CSTE)‘s stock had its “neutral” rating reaffirmed by research analysts at Chardan Capital in a note issued to investors on Tuesday, November 7th, MarketBeat.com reports. They presently have a $32.00 price objective on the construction company’s stock, down from their previous price objective of $43.00. Chardan Capital’s target price would suggest a potential upside of 29.55% from the stock’s current price.
A number of other research analysts have also issued reports on CSTE. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 target price on shares of Caesarstone in a research report on Thursday, August 3rd. BidaskClub lowered Caesarstone from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co lowered Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Caesarstone from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.00.
Shares of Caesarstone (NASDAQ CSTE) opened at $24.70 on Tuesday. The company has a market cap of $848.17, a P/E ratio of 18.16 and a beta of 2.17. Caesarstone has a one year low of $23.10 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.20 and a current ratio of 3.31.
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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