Chardan Capital upgraded shares of Caesarstone (NASDAQ:CSTE) from a neutral rating to a buy rating in a report issued on Monday morning, MarketBeat reports. The brokerage currently has $32.00 price target on the construction company’s stock.
A number of other brokerages have also weighed in on CSTE. Zacks Investment Research raised shares of Caesarstone from a hold rating to a buy rating and set a $34.00 price target for the company in a research note on Wednesday, October 4th. JPMorgan 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 research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Caesarstone has a consensus rating of Hold and an average target price of $35.00.
Shares of Caesarstone (CSTE) traded down $0.45 during trading hours on Monday, hitting $24.90. 156,100 shares of the stock were exchanged, compared to its average volume of 282,471. The firm has a market cap of $855.04, a price-to-earnings ratio of 17.91 and a beta of 2.10. Caesarstone has a 12 month low of $21.15 and a 12 month high of $44.00. The company has a current ratio of 3.31, a quick ratio of 2.20 and a debt-to-equity ratio of 0.02.
ILLEGAL ACTIVITY WARNING: This article was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.com-unik.info/2018/01/11/caesarstone-cste-raised-to-buy-at-chardan-capital.html.
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.
What are top analysts saying about Caesarstone? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Caesarstone and related companies.