Caesarstone (CSTE) Receiving Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Caesarstone (NASDAQ:CSTE) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caesarstone earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 45.6810786281304 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern’s analysis:

Caesarstone (NASDAQ:CSTE) opened at $20.45 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.31 and a quick ratio of 2.20. The stock has a market cap of $714.25, a P/E ratio of 15.04 and a beta of 1.88. Caesarstone has a 12-month low of $20.40 and a 12-month high of $44.00.

Several equities research analysts recently commented on CSTE shares. Chardan Capital raised Caesarstone from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, January 8th. Zacks Investment Research cut Caesarstone from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub raised Caesarstone from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 9th. Credit Suisse Group lowered shares of Caesarstone from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $28.00 to $21.00 in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. lowered shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price target on the stock. in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.80.

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About Caesarstone

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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