CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) shares 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. The stock had previously closed at $37.41.

Several research analysts have issued reports on the company. TheStreet upgraded CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Zacks Investment Research upgraded CaesarStone Sdot-Yam from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Friday, August 5th. Credit Suisse Group AG reiterated an “outperform” rating and set a $47.00 price objective on shares of CaesarStone Sdot-Yam in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of CaesarStone Sdot-Yam in a research note on Tuesday, May 24th. Finally, Barclays PLC increased their price objective on 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.57.

The company has a 50 day moving average of $37.30 and a 200 day moving average of $36.59. The firm has a market cap of $1.35 billion and a P/E ratio of 18.17.

CaesarStone Sdot-Yam (NASDAQ:CSTE) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company earned $142.30 million during the quarter, compared to the consensus estimate of $139.53 million. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. On average, equities analysts expect that CaesarStone Sdot-Yam Ltd. will post $2.58 EPS for the current fiscal year.

A hedge fund recently raised its stake in CaesarStone Sdot-Yam stock. State of New Jersey Common Pension Fund D raised its stake in shares of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) by 318.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.26% of CaesarStone Sdot-Yam worth $3,987,000 at the end of the most recent quarter.

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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