In today’s session Caesarstone Ltd (CSTE) recorded an unusually high (404) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CSTE decrease. With 404 contracts traded and 474 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CSTE161216P00027500 closed last at: $1.95 or 8.3% up. About 122,153 shares traded hands. Caesarstone Ltd (NASDAQ:CSTE) has declined 21.34% since April 8, 2016 and is downtrending. It has underperformed by 26.98% the S&P500.
Caesarstone Ltd (NASDAQ:CSTE) Ratings Coverage
Out of 8 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. $67 is the highest target while $14 is the lowest. The $36 average target is 29.03% above today’s ($27.9) stock price. Caesarstone Sdot-Yam has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Thursday, February 11 by Barclays Capital. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, October 29. UBS downgraded it to “Neutral” rating and $30 target price in Monday, November 7 report. Bank of America upgraded Caesarstone Ltd (NASDAQ:CSTE) on Friday, October 16 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, February 11 with “Buy”. JP Morgan maintained the stock with “Buy” rating in Monday, August 24 report. The stock has “Overweight” rating given by Barclays Capital on Tuesday, October 13. The firm has “Buy” rating by Chardan Capital Markets given on Wednesday, April 6. The rating was downgraded by Bank of America on Thursday, August 6 to “Neutral”. Stifel Nicolaus downgraded it to “Hold” rating and $30 target price in Thursday, November 3 report.
According to Zacks Investment Research, “CaesarStone Ltd manufactures engineered quartz surfaces for residential and commercial buildings as countertops, vanities, wall cladding, floors and other interior surfaces. The company’s product consists of Classico, Supernatural, Motivo and Concetto. CaesarStone Ltd, formerly known as Caesarstone Sdot-Yam Ltd., is based in MP Menashe, Israel.”
Caesarstone Ltd. is a manufacturer of engineered quartz surfaces. The company has a market cap of $964.69 million. The Company’s engineered quartz surfaces are installed as countertops in residential kitchens. It has a 13.51 P/E ratio. The Company’s products are used as kitchen countertops in the renovation, remodeling and residential construction end markets.
CSTE Company Profile
Caesarstone Ltd., incorporated on December 31, 1989, is a maker of engineered quartz surfaces. The Company’s engineered quartz surfaces are installed as countertops in residential kitchens. The Company’s products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets. The other applications of its products include vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in a range of residential and non-residential applications. The Company’s engineered quartz slabs measure over 120 inches long by approximately 56.5 inches wide, and over 130 inches long by approximately 65 inches wide with a thickness of approximately 0.5 of an inch, over 0.75 of an inch or approximately 1.25 inches. The Company’s creates range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The Firm sells its products under the Caesarstone brand.
More notable recent Caesarstone Ltd (NASDAQ:CSTE) news were published by: Fool.com which released: “Why Shares of Caesarstone Ltd. Surged Higher Today” on September 12, 2016, also Fool.com with their article: “Why Caesarstone Sdot-Yam Ltd’s Shares Plunged 21% Today” published on November 02, 2016, Fool.com published: “Why Shares of Caesarstone Ltd. Are Soaring Today” on August 03, 2016. More interesting news about Caesarstone Ltd (NASDAQ:CSTE) were released by: Fool.com and their article: “Caesarstone Ltd Sees Growth Slow in U.S. Market During Fourth Quarter” published on February 11, 2016 as well as Fool.com‘s news article titled: “Growing Pains Pinch Caesarstone Sdot-Yam Ltd’s Earnings Results” with publication date: May 04, 2016.
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