CaesarStone Sdot-Yam (CSTE) Receives a Hold from Stifel Nicolaus


In a report released yesterday, John Baugh from Stifel Nicolaus reiterated a Hold rating on CaesarStone Sdot-Yam (NASDAQ: CSTE), with a price target of $19. The company’s shares closed yesterday at $17.95.

According to TipRanks.com, Baugh is a 5-star analyst with an average return of 14.0% and a 60.3% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, Sleep Number Corporation, and Leggett & Platt Inc.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for CaesarStone Sdot-Yam with a $16 average price target.

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CaesarStone Sdot-Yam’s market cap is currently $616.4M and has a P/E ratio of 41.85. The company has a Price to Book ratio of 1.34.

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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.

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