Caesarstone Ltd. (NASDAQ:CSTE)‘s stock had its “neutral” rating reaffirmed by investment analysts at Chardan Capital in a research note issued to investors on Tuesday. They presently have a $32.00 price objective on the construction company’s stock, down from their prior price objective of $43.00. Chardan Capital’s price target would indicate a potential upside of 32.78% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 price target on shares of Caesarstone in a report on Thursday, August 3rd. BidaskClub lowered shares of Caesarstone from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co lowered shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price target for the company. in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Caesarstone from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.17.

Shares of Caesarstone (NASDAQ CSTE) traded up $0.70 during midday trading on Tuesday, reaching $24.10. 236,034 shares of the company traded hands, compared to its average volume of 177,400. The stock has a market cap of $834.44, a price-to-earnings ratio of 17.21 and a beta of 2.17. 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 has a 12 month low of $23.10 and a 12 month high of $44.00.

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Several institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Caesarstone by 37.3% during the third quarter. Russell Investments Group Ltd. now owns 15,664 shares of the construction company’s stock worth $467,000 after buying an additional 4,259 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Caesarstone by 10.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 659,000 shares of the construction company’s stock worth $19,638,000 after buying an additional 60,940 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in shares of Caesarstone during the third quarter worth $482,000. Prudential Financial Inc. grew its holdings in shares of Caesarstone by 76.8% during the third quarter. Prudential Financial Inc. now owns 25,420 shares of the construction company’s stock worth $758,000 after buying an additional 11,040 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Caesarstone during the third quarter worth $226,000. 52.36% of the stock is owned by institutional investors and hedge funds.

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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