News articles about Caesarstone (NASDAQ:CSTE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caesarstone earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 45.4330352841764 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Caesarstone (NASDAQ:CSTE) traded up $0.10 during trading hours on Friday, reaching $25.15. The company had a trading volume of 315,746 shares, compared to its average volume of 215,738. Caesarstone has a 12 month low of $23.10 and a 12 month high of $44.00. The firm has a market cap of $860.19, a price-to-earnings ratio of 19.04 and a beta of 2.17. The company has a quick ratio of 2.20, a current ratio of 3.31 and a debt-to-equity ratio of 0.02.
Several brokerages recently issued reports on CSTE. Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 target price on shares of Caesarstone in a research report on Thursday, August 3rd. BidaskClub lowered Caesarstone from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, October 4th. J P Morgan Chase & Co lowered Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research report on Thursday, November 2nd. Finally, Chardan Capital reaffirmed a “neutral” rating and set a $32.00 target price (down from $43.00) on shares of Caesarstone in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.00.
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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