Shares of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) have received a consensus rating of “Buy” from the seven research firms that are covering the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $45.25.
CSTE has been the topic of a number of analyst reports. Zacks Investment Research raised shares of CaesarStone Sdot-Yam from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a report on Friday, August 5th. TheStreet raised shares of CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of CaesarStone Sdot-Yam in a report on Wednesday, June 29th.
CaesarStone Sdot-Yam (NASDAQ:CSTE) opened at 36.90 on Thursday. CaesarStone Sdot-Yam has a 12 month low of $27.31 and a 12 month high of $43.52. The firm’s 50-day moving average is $38.36 and its 200-day moving average is $37.44. The firm has a market cap of $1.28 billion, a PE ratio of 17.24 and a beta of 2.03.
CaesarStone Sdot-Yam (NASDAQ:CSTE) last issued its earnings results on Wednesday, August 3rd. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.08. The company had revenue of $142.30 million for the quarter, compared to analysts’ expectations of $139.53 million. CaesarStone Sdot-Yam had a net margin of 14.46% and a return on equity of 19.69%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. Equities analysts expect that CaesarStone Sdot-Yam will post $2.58 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Pitcairn Co. bought a new position in shares of CaesarStone Sdot-Yam during the second quarter worth about $233,000. Acadian Asset Management LLC bought a new position in shares of CaesarStone Sdot-Yam during the second quarter worth about $362,000. Skyline Asset Management LP raised its position in shares of CaesarStone Sdot-Yam by 6.9% in the first quarter. Skyline Asset Management LP now owns 641,800 shares of the company’s stock worth $22,046,000 after buying an additional 41,600 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of CaesarStone Sdot-Yam by 11.3% in the first quarter. Envestnet Asset Management Inc. now owns 53,187 shares of the company’s stock worth $1,827,000 after buying an additional 5,393 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CaesarStone Sdot-Yam by 6.6% in the first quarter. Geode Capital Management LLC now owns 13,465 shares of the company’s stock worth $462,000 after buying an additional 839 shares in the last quarter. Hedge funds and other institutional investors own 63.72% of the company’s stock.