Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Caesarstone Ltd (NASDAQ: CSTE) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/10/24, Caesarstone Ltd (NASDAQ: CSTE) stock enjoyed a large increase of 3.7%, closing at $6.17. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months but has declined -3.4% during the last week.
Current PriceTarget Research Rating
CSTE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Caesarstone has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Caesarstone has a neutral Appreciation Score of 54 but a good Power Rating of 78, and the Positive Value Trend Rating results.
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