Caesarstone Ltd (NASDAQ:CSTE) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $39.25.

A number of brokerages have recently weighed in on CSTE. BidaskClub cut Caesarstone from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Credit Suisse Group began coverage on Caesarstone in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $37.00 price objective for the company. Chardan Capital cut Caesarstone from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $39.00 to $43.00 in a research note on Thursday, May 11th. TheStreet raised Caesarstone from a “c” rating to a “b-” rating in a research note on Tuesday, April 11th. Finally, Zacks Investment Research cut Caesarstone from a “hold” rating to a “sell” rating in a research note on Monday, May 15th.

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A number of hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. acquired a new stake in shares of Caesarstone during the first quarter worth about $387,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Caesarstone by 344.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,475 shares of the construction company’s stock worth $126,000 after buying an additional 2,694 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Caesarstone by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 64,418 shares of the construction company’s stock worth $2,335,000 after buying an additional 1,150 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Caesarstone during the first quarter worth about $557,000. Finally, LSV Asset Management increased its stake in shares of Caesarstone by 39.4% in the first quarter. LSV Asset Management now owns 128,400 shares of the construction company’s stock worth $4,654,000 after buying an additional 36,300 shares during the period. 57.48% of the stock is owned by institutional investors.

Shares of Caesarstone (NASDAQ CSTE) traded down 1.14% during midday trading on Friday, hitting $30.40. The company’s stock had a trading volume of 165,265 shares. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 17.37 and a beta of 2.08. The firm has a 50-day moving average of $35.19 and a 200 day moving average of $35.30. Caesarstone has a 12-month low of $26.35 and a 12-month high of $44.00.

Caesarstone (NASDAQ:CSTE) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.14. Caesarstone had a net margin of 8.26% and a return on equity of 10.01%. The firm had revenue of $148.90 million during the quarter, compared to analyst estimates of $148.35 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that Caesarstone will post $1.94 EPS for the current fiscal year.

Caesarstone Company Profile

Caesarstone Ltd., formerly 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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