Credit Suisse Maintains Their Hold Rating on CaesarStone Sdot-Yam

In a report released today, Susan Maklari from Credit Suisse maintained a Hold rating on CaesarStone Sdot-Yam (NASDAQ: CSTE), with a price target of $20. The company’s shares opened today at $13.10, close to its 52-week low of $12.60.

According to TipRanks.com, Maklari is a 2-star analyst with an average return of 0.3% and a 50.0% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Mohawk Industries, Whirlpool Corp, and Toll Brothers.

Currently, the analyst consensus on CaesarStone Sdot-Yam is Moderate Sell and the average price target is $18.33, representing a 39.9% upside.

In a report released today, Stifel Nicolaus also downgraded the stock to Hold with a $16 price target.

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CaesarStone Sdot-Yam’s market cap is currently $633.6M and has a P/E ratio of 17.47. The company has a Price to Book ratio of 0.96.

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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.