Key Equity Analysts at Credit Suisse Didn’t Change their ‘Underperform’ rating for Caesarstone (NASDAQ:CSTE) Shares Today. Their Price Target is Set to $13

November 9, 2018 - By Sarah Holford

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Caesarstone (NASDAQ:CSTE) Rating Reaffirmed

In an analyst note released this morning, Credit Suisse reconfirmed their Underperform rating on Caesarstone (NASDAQ:CSTE) shares. The target price per share gives a possible downside of -12.01 % from firm’s current stock price.

Caesarstone Ltd. (NASDAQ:CSTE) Ratings Coverage

Among 3 analysts covering Caesarstone (NASDAQ:CSTE), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Caesarstone had 3 analyst reports since May 9, 2018 according to SRatingsIntel. As per Wednesday, May 9, the company rating was downgraded by Stifel Nicolaus. The company was downgraded on Thursday, May 17 by Credit Suisse.

The stock decreased 0.03% or $0.005 during the last trading session, reaching $14.775. About 324,691 shares traded or 55.97% up from the average. Caesarstone Ltd. (NASDAQ:CSTE) has declined 34.24% since November 9, 2017 and is downtrending. It has underperformed by 49.86% the S&P500.

Caesarstone Ltd., together with its subsidiaries, makes and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. The company has market cap of $507.72 million. The Company’s engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market. It has a 40.48 P/E ratio. The company??s products are also used in other applications, such as vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications.

More important recent Caesarstone Ltd. (NASDAQ:CSTE) news were published by: Nasdaq.com which released: “Market Trends Toward New Normal in Polaris Industries, NIKE, Charles River Laboratories International, Actuant …” on October 29, 2018, also Businesswire.com published article titled: “Caesarstone Reports Third Quarter 2018 Results”, Seekingalpha.com published: “Caesarstone Ltd. (CSTE) CEO Yuval Dagim on Q3 2018 Results – Earnings Call Transcript” on November 08, 2018. More interesting news about Caesarstone Ltd. (NASDAQ:CSTE) was released by: Streetinsider.com and their article: “CaesarStone Sdot-Yam (CSTE) PT Lowered to $13 at Credit Suisse” with publication date: November 08, 2018.

Caesarstone Ltd. (NASDAQ:CSTE) Ratings Chart

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