CaesarStone Sdot-Yam (CSTE) Gets a Sell Rating from Credit Suisse

Credit Suisse analyst Susan Maklari maintained a Sell rating on CaesarStone Sdot-Yam (CSTEResearch Report) yesterday and set a price target of $12. The company’s shares closed yesterday at $14.11, close to its 52-week low of $12.49.

According to TipRanks.com, Maklari ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.1% and a 44.6% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Stanley Black & Decker Inc, and Green Brick Partners.

Currently, the analyst consensus on CaesarStone Sdot-Yam is a Moderate Sell with an average price target of $15.

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Based on CaesarStone Sdot-Yam’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $10.54 million. In comparison, last year the company had a GAAP net loss of $6.39 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.

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