Trade Report: Today, Chardan Capital Cuts CaesarStone Sdot-Yam Ltd. (CSTE) Price Target to $39.00

Today, Chardan Capital Cuts CaesarStone Sdot-Yam Ltd. (CSTE) Price Target to $39.00

CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) had its price target cut by equities researchers at Chardan Capital from $44.00 to $39.00 in a report issued on Monday. The firm presently has a “buy” rating on the stock. Chardan Capital’s price target would suggest a potential upside of 37.57% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised CaesarStone Sdot-Yam from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research report on Friday, August 5th. TheStreet raised CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. JPMorgan Chase & Co. downgraded CaesarStone Sdot-Yam from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 2nd. Finally, Stifel Nicolaus downgraded CaesarStone Sdot-Yam from a “buy” rating to a “hold” rating and lowered their price objective for the company from $48.00 to $30.00 in a research report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.33.

CaesarStone Sdot-Yam (NASDAQ:CSTE) traded down 1.39% during trading on Monday, reaching $28.35. The company had a trading volume of 137,806 shares. CaesarStone Sdot-Yam has a 12 month low of $26.45 and a 12 month high of $43.52. The firm’s 50 day moving average is $32.72 and its 200-day moving average is $36.33. The company has a market capitalization of $975.58 million, a P/E ratio of 12.78 and a beta of 2.05.

CaesarStone Sdot-Yam (NASDAQ:CSTE) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.07. The company had revenue of $144.30 million for the quarter, compared to analysts’ expectations of $152.84 million. CaesarStone Sdot-Yam had a return on equity of 19.20% and a net margin of 14.74%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. On average, equities analysts expect that CaesarStone Sdot-Yam will post $2.20 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of CaesarStone Sdot-Yam during the second quarter worth $19,118,000. Swiss National Bank boosted its position in shares of CaesarStone Sdot-Yam by 106.0% in the second quarter. Swiss National Bank now owns 41,000 shares of the company’s stock worth $1,425,000 after buying an additional 21,100 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of CaesarStone Sdot-Yam during the second quarter worth $1,841,000. Rice Hall James & Associates LLC purchased a new position in shares of CaesarStone Sdot-Yam during the second quarter worth $9,127,000. Finally, Emerald Acquisition Ltd. purchased a new position in shares of CaesarStone Sdot-Yam during the second quarter worth $255,000. Hedge funds and other institutional investors own 63.56% of the company’s stock.

CaesarStone Sdot-Yam Company Profile

Related posts

Leave a Comment