News articles about Caesarstone (NASDAQ:CSTE) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Caesarstone earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 45.9135561083735 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Wednesday, October 4th. Chardan Capital reaffirmed a “neutral” rating and issued a $32.00 price target (down from $43.00) on shares of Caesarstone in a report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. cut shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price target on the stock. in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.
Shares of Caesarstone (NASDAQ:CSTE) opened at $22.20 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.20 and a debt-to-equity ratio of 0.02. Caesarstone has a 12 month low of $21.15 and a 12 month high of $44.00. The firm has a market cap of $764.90, a price-to-earnings ratio of 15.97 and a beta of 2.10.
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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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