CaesarStone Sdot-Yam Gets a Sell Rating from Credit Suisse

By Austin Angelo

Credit Suisse analyst Susan Maklari maintained a Sell rating on CaesarStone Sdot-Yam (NASDAQ: CSTE) yesterday and set a price target of $13. The company’s shares closed yesterday at $15.65, close to its 52-week low of $12.50.

According to TipRanks.com, Maklari is a 1-star analyst with an average return of 0.0% and a 50.7% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Mohawk Industries, Whirlpool Corp, and Toll Brothers.

CaesarStone Sdot-Yam has an analyst consensus of Moderate Sell, with a price target consensus of $16.

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Based on CaesarStone Sdot-Yam’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $37K. In comparison, last year the company had a net profit of $11.1 million.

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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 company offers its products through its brand name Caesarstone brand.