Somewhat Positive News Coverage Somewhat Unlikely to Affect Caesarstone (CSTE) Stock Price
Headlines about Caesarstone (NASDAQ:CSTE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Caesarstone earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.4995421739223 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Caesarstone (NASDAQ CSTE) opened at $20.45 on Friday. The firm has a market capitalization of $702.23, a PE ratio of 28.01 and a beta of 1.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.92 and a current ratio of 2.97. Caesarstone has a 12-month low of $19.55 and a 12-month high of $44.00.
Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.08). The company had revenue of $148.14 million for the quarter, compared to analyst estimates of $144.97 million. Caesarstone had a return on equity of 8.50% and a net margin of 4.52%. Caesarstone’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. equities analysts anticipate that Caesarstone will post 1.36 earnings per share for the current fiscal year.
CSTE has been the topic of several research reports. Chardan Capital reissued a “neutral” rating and issued a $32.00 target price (down from $43.00) on shares of Caesarstone in a research report on Tuesday, November 7th. Zacks Investment Research downgraded Caesarstone from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. BidaskClub raised Caesarstone from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Credit Suisse Group downgraded Caesarstone from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $28.00 to $21.00 in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Caesarstone currently has a consensus rating of “Hold” and an average price target of $31.80.
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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