Chardan Capital reaffirmed their neutral rating on shares of Caesarstone Ltd. (NASDAQ:CSTE) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $32.00 price objective on the construction company’s stock, down from their previous price objective of $43.00.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Caesarstone from a hold rating to a buy rating and set a $34.00 target price for the company in a research report on Wednesday, October 4th. Stifel Nicolaus restated a buy rating and set a $47.00 price target on shares of Caesarstone in a research note on Thursday, August 3rd. BidaskClub downgraded Caesarstone from a hold rating to a sell rating in a research note on Saturday, August 5th. Finally, J P Morgan Chase & Co downgraded Caesarstone from a neutral rating to an underweight rating and set a $25.00 price target for the company. in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $35.00.

Shares of Caesarstone (CSTE) traded down $0.35 during trading hours on Tuesday, reaching $24.25. The company’s stock had a trading volume of 136,300 shares, compared to its average volume of 214,704. Caesarstone has a fifty-two week low of $23.10 and a fifty-two week high of $44.00. The company has a current ratio of 3.31, a quick ratio of 2.20 and a debt-to-equity ratio of 0.02. The stock has a market cap of $844.74, a price-to-earnings ratio of 18.09 and a beta of 2.17.

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Several institutional investors have recently added to or reduced their stakes in CSTE. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Caesarstone by 64.7% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 937,716 shares of the construction company’s stock valued at $32,867,000 after purchasing an additional 368,340 shares during the period. Koch Industries Inc. bought a new stake in shares of Caesarstone during the 2nd quarter valued at about $234,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Caesarstone by 29.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 598,060 shares of the construction company’s stock valued at $20,962,000 after purchasing an additional 134,860 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Caesarstone by 1,234.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 142,320 shares of the construction company’s stock valued at $4,988,000 after purchasing an additional 131,657 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of Caesarstone during the 2nd quarter valued at approximately $1,959,000. Institutional investors and hedge funds own 52.36% of the company’s stock.

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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