Shares of Caesarstone Ltd. (NASDAQ:CSTE) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three 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 12-month price target among analysts that have covered the stock in the last year is $35.25.

Several equities analysts have recently issued reports on the company. Chardan Capital reaffirmed a “neutral” rating and issued a $32.00 target price (down from $43.00) on shares of Caesarstone in a report on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 target price on shares of Caesarstone in a report on Thursday, August 3rd. J P Morgan Chase & Co lowered Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 target price for the company. in a report on Thursday, November 2nd. Zacks Investment Research lowered Caesarstone from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, BidaskClub lowered Caesarstone from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.

Shares of Caesarstone (NASDAQ:CSTE) opened at $24.25 on Friday. The company has a market capitalization of $832.72, a P/E ratio of 17.83 and a beta of 2.17. Caesarstone has a 52 week low of $23.10 and a 52 week high of $44.00. The company has a quick ratio of 2.20, a current ratio of 3.31 and a debt-to-equity ratio of 0.02.

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Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Caesarstone by 51.0% in the second quarter. JPMorgan Chase & Co. now owns 25,193 shares of the construction company’s stock valued at $883,000 after acquiring an additional 8,512 shares in the last quarter. Sphera Funds Management LTD. grew its holdings in Caesarstone by 36.5% during the second quarter. Sphera Funds Management LTD. now owns 122,797 shares of the construction company’s stock valued at $4,304,000 after purchasing an additional 32,823 shares during the period. Renaissance Group LLC bought a new position in Caesarstone during the second quarter valued at $432,000. Menta Capital LLC bought a new position in Caesarstone during the second quarter valued at $988,000. Finally, Ameriprise Financial Inc. bought a new position in Caesarstone during the first quarter valued at $387,000. 52.36% of the stock is owned by institutional investors.

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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