CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) traded up 1.8% during mid-day trading on Monday . The stock traded as high as $38.23 and last traded at $38.07, with a volume of 179,570 shares traded. The stock had previously closed at $37.41.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of CaesarStone Sdot-Yam from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Barclays PLC increased their target price on shares of CaesarStone Sdot-Yam from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 5th. Credit Suisse Group AG reissued a “buy” rating on shares of CaesarStone Sdot-Yam in a research note on Tuesday, May 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of CaesarStone Sdot-Yam in a research note on Tuesday, May 24th. Finally, TheStreet lowered shares of CaesarStone Sdot-Yam from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.57.

The firm has a 50-day moving average of $37.16 and a 200-day moving average of $36.55. The company has a market capitalization of $1.33 billion and a PE ratio of 17.83.

CaesarStone Sdot-Yam (NASDAQ:CSTE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.08. The company had revenue of $142.30 million for the quarter, compared to analyst estimates of $139.53 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. CaesarStone Sdot-Yam’s revenue was up 11.6% compared to the same quarter last year. Analysts forecast that CaesarStone Sdot-Yam Ltd. will post $2.58 earnings per share for the current year.

A hedge fund recently raised its stake in CaesarStone Sdot-Yam stock. State of New Jersey Common Pension Fund D raised its position in shares of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) by 318.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,000 shares of the company’s stock after buying an additional 70,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.26% of CaesarStone Sdot-Yam worth $3,987,000 at the end of the most recent reporting period.

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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