Caesarstone (NASDAQ:CSTE) Downgraded by Zacks Investment Research to Hold

Caesarstone stock has undergone multiple analysts rating changes in the recent past.  Caesarstone Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong-Buy.

Shares of Caesarstone traded up $0.29 on Tuesday, reaching $12.31. 0 shares of the stock traded hands, compared to its average volume of 88377. Shares of Caesarstone were trading at $12.31 on Tuesday. The firm’s 50 day moving average is $13.19 and its 200 day moving average is $13.84.Caesarstone has a 12 month low of $12.07 and a 12 month high of $19.80. While on yearly highs and lows, Caesarstone’s today has traded high as $12.50 and has touched $12.07 on the downward trend. See More Analyst Rating at: RATING

Caesarstone Earnings and What to expect: 

Caesarstone last posted its earnings results on August 4th, 2021. The construction company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.13. The company had revenue of $163.46 million for the quarter, compared to analyst estimates of $144.28 million. Caesarstone has generated $0.21 earnings per share over the last year ($0.76 diluted earnings per share) and currently has a price-to-earnings ratio of 16.2. Earnings for Caesarstone are expected to grow by 13.75% in the coming year, from $0.80 to $0.91 per share. Caesarstone has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 3rd, 2021 based off prior year’s report dates.

Earnings for Caesarstone are expected to grow by 13.75% in the coming year, from $0.80 to $0.91 per share. The P/E ratio of Caesarstone is 16.20, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Caesarstone is 16.20, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 18.88. Caesarstone has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Caesarstone (NASDAQ:CSTE) Moving Average Technical Analysis

5 day Moving Average is $12.35 And 5 day price change is -$0.34 (-2.69%)  with average volume for 5 day average is 72,820. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $12.79 and 20 day price change is -$1.10 (-8.20%) and average 20 day moving volume is 92,040. 50 day moving average is $13.19  and 50 day price change is -$1.30 ( -9.55%)  and with average volume for 50 days is : 83,220. 200 day moving average is $13.84  and 200 day price change is $1.35 (12.32%)  and with average volume for 200 days is : 144,215.

Other owners latest trading in Caesarstone :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 76,478 which equates to market value of $1.13M and appx 0.00% owners of Caesarstone
  • On 8/23/2021 shares held by Morgan Stanley were 245,702 which equates to market value of $3.63M and appx 0.00% owners of Caesarstone
  • On 8/17/2021 shares held by Sphera Funds Management LTD. were 644,146 which equates to market value of $9.51M and appx 0.60% owners of Caesarstone
  • In total Institutional ownership equates to Institutional Ownership Percentage: 52.86% for Caesarstone

See More Analyst Rating at: RATING