CaesarStone Sdot-Yam was Downgraded to a Hold Rating at UBSBy Ryan Adsit
UBS analyst Susan Maklari downgraded CaesarStone Sdot-Yam (NASDAQ: CSTE) to Hold today and set a price target of $30. The company’s shares closed last Friday at $27.80, close to its 52-week low of $27.31.
According to TipRanks.com, Maklari is a 1-star analyst with an average return of -3.4% and a 35.4% success rate. Maklari covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Calatlantic Group, and Meritage Corp.
Currently, the analyst consensus on CaesarStone Sdot-Yam is Hold and the average price target is $30, representing a 7.9% upside.
In a report issued on November 2, J.P. Morgan also downgraded the stock to Hold.
The company has a one year high of $43.52 and a one year low of $27.31. Currently, CaesarStone Sdot-Yam has an average volume of 286.9K.
CaesarStone Ltd. engages in the manufacture and sale of quartz surface products. Its engineered quartz surface slabs are applicable for vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces. The firm offers its products through its brand name Caesarstone brand. The company was founded in 1987 and is headquartered in Haifa, Israel.