Analysis: Caesarstone Sdot-Yam (NASDAQ:CSTE) Stock Target Raised Today
In an interesting research report revealed to investors and clients by UBS Securities on Wednesday morning, the firm, Caesarstone Sdot-Yam (NASDAQ:CSTE), had their target PPS lowered to $55.00. Analusts presently have a solid “Buy” rating on the stock.
From a total of 6 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $64 while the lowest target price is $49. The mean of all analyst targets is $56.17 with a 18.29% above today’s ($39.52) stock price. Caesarstone Sdot-Yam was the topic of 10 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on October 29 with “Buy” rating. Barclays Capital maintained CSTE stock in a recent report from October 13 with “Overweight” rating. Finally, JP Morgan maintained the stock with “Buy” rating in a report issued on an August 24.
Approximately 518,834 shares of stock traded hands or 44.81% up from the average. Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) has declined 33.61% since May 6, 2015 and is downtrending. It has underperformed by 32.81% the S&P500.
Caesarstone Sdot-Yam Ltd. is a manufacturer of engineered quartz surfaces. The company has a market cap of $1.42 billion. The Firm sells its products under its Caesarstone brand. It has 16.24 P/E ratio. The company’s products consist of engineered quartz, which are installed as countertops in residential kitchens.
According to Zacks Investment Research, “Caesarstone Sdot-Yam Ltd. manufactures engineered quartz surfaces. Its products consist of engineered quartz slabs, which are primarily used as kitchen countertops, vanity tops, wall panels, back splashes, floor tiles, stairs and other interior surfaces. The Company’s provides quartz surfaces in Australia, Canada, Israel, France and South Africa, and have significant market share in the United States and Singapore. Caesarstone Sdot-Yam Ltd. is headquartered in MP Menashe, Israel.” Get a free copy of the Zacks research report on Caesarstone Sdot-Yam Ltd (CSTE).