CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE)’s share price rose 2.4% on Tuesday . The company traded as high as $39.61 and last traded at $39.55, with a volume of 303,118 shares traded. The stock had previously closed at $38.62.

CSTE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of CaesarStone Sdot-Yam from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Credit Suisse Group AG reiterated a “buy” rating on shares of CaesarStone Sdot-Yam in a research note on Tuesday, May 24th. TheStreet lowered shares of CaesarStone Sdot-Yam from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of CaesarStone Sdot-Yam in a research note on Tuesday, May 24th. Finally, Stifel Nicolaus boosted their target price on shares of CaesarStone Sdot-Yam from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.57.

The firm has a 50-day moving average of $37.93 and a 200 day moving average of $36.88. The stock has a market capitalization of $1.38 billion and a P/E ratio of 18.48.

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

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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