Credit Suisse Group downgraded shares of Caesarstone (NASDAQ:CSTE) from a neutral rating to an underperform rating in a report released on Monday, MarketBeat.com reports. They currently have $21.00 price target on the construction company’s stock, down from their prior price target of $28.00.

A number of other research analysts also recently issued reports on CSTE. Zacks Investment Research raised Caesarstone from a hold rating to a buy rating and set a $34.00 price objective on the stock in a research note on Wednesday, October 4th. JPMorgan Chase & Co. downgraded Caesarstone from a neutral rating to an underweight rating and set a $25.00 price objective on the stock. in a research note on Thursday, November 2nd. Chardan Capital reissued a neutral rating and issued a $32.00 price objective (down from $43.00) on shares of Caesarstone in a research note on Tuesday, November 7th. Finally, BidaskClub raised Caesarstone from a strong sell rating to a sell rating in a research note on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $31.80.

Shares of Caesarstone (NASDAQ:CSTE) traded down $0.70 during trading hours on Monday, hitting $23.00. The stock had a trading volume of 637,100 shares, compared to its average volume of 302,271. The firm has a market cap of $753.74, a P/E ratio of 16.55 and a beta of 2.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.31 and a quick ratio of 2.20. Caesarstone has a 12 month low of $21.15 and a 12 month high of $44.00.

Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.34). Caesarstone had a net margin of 8.33% and a return on equity of 10.46%. research analysts predict that Caesarstone will post 1.24 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of CSTE. Sensato Investors LLC bought a new stake in Caesarstone in the 2nd quarter valued at about $207,000. SG Americas Securities LLC increased its position in Caesarstone by 53.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,042 shares of the construction company’s stock valued at $210,000 after buying an additional 2,465 shares in the last quarter. Janney Capital Management LLC bought a new stake in Caesarstone in the 3rd quarter valued at about $213,000. Principal Financial Group Inc. bought a new stake in Caesarstone in the 2nd quarter valued at about $225,000. Finally, Stevens Capital Management LP bought a new stake in Caesarstone in the 3rd quarter valued at about $226,000. 49.67% of the stock is owned by institutional investors and hedge funds.

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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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