News stories about Caesarstone (NASDAQ:CSTE) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caesarstone earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 45.5984671551476 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- ETFs with exposure to Caesarstone Ltd. : December 1, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Caesarstone Ltd. (CSTE) Will Post Earnings of $0.33 Per Share (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Caesarstone Ltd. (finance.yahoo.com)
- Brokerages Anticipate Caesarstone Ltd. (CSTE) Will Announce Quarterly Sales of $145.17 Million (americanbankingnews.com)
Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Caesarstone from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, October 4th. J P Morgan Chase & Co downgraded shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price objective for the company. in a research report on Thursday, November 2nd. Finally, Chardan Capital restated a “neutral” rating and set a $32.00 price objective (down from $43.00) on shares of Caesarstone in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.00.
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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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