Caesarstone Ltd. (CSTE) Forms $21.15 Double Bottom; Last Week Avnet, Inc. (AVT) Coverage

Caesarstone Ltd. (CSTE) formed double bottom with $20.30 target or 4.00% below today’s $21.15 share price. Caesarstone Ltd. (CSTE) has $726.27M valuation. The stock increased 0.24% or $0.05 during the last trading session, reaching $21.15. About 1,731 shares traded. Caesarstone Ltd. (NASDAQ:CSTE) has risen 6.39% since March 8, 2017 and is uptrending. It has underperformed by 10.31% the S&P500.

Among 11 analysts covering Avnet Inc. (NYSE:AVT), 1 have Buy rating, 2 Sell and 8 Hold. Therefore 9% are positive. Avnet Inc. had 32 analyst reports since August 6, 2015 according to SRatingsIntel. Brean Capital downgraded the shares of AVT in report on Friday, April 29 to “Hold” rating. The stock of Avnet, Inc. (NYSE:AVT) earned “Sell” rating by Cross Research on Tuesday, September 20. Longbow upgraded Avnet, Inc. (NYSE:AVT) on Friday, January 19 to “Buy” rating. The stock of Avnet, Inc. (NYSE:AVT) has “Neutral” rating given on Wednesday, April 27 by Bank of America. The stock of Avnet, Inc. (NYSE:AVT) has “Buy” rating given on Friday, October 21 by Longbow. The stock of Avnet, Inc. (NYSE:AVT) earned “Sell” rating by Goldman Sachs on Wednesday, March 1. The stock of Avnet, Inc. (NYSE:AVT) has “Sell” rating given on Thursday, September 22 by Citigroup. The firm earned “Hold” rating on Thursday, August 10 by Deutsche Bank. Goldman Sachs upgraded the stock to “Neutral” rating in Friday, January 5 report. The stock of Avnet, Inc. (NYSE:AVT) earned “Hold” rating by Stifel Nicolaus on Sunday, October 15. See Avnet, Inc. (NYSE:AVT) latest ratings:

13/02/2018 Broker: Pivotal Research Rating: Hold New Target: $44.0
25/01/2018 Broker: SunTrust Rating: Hold New Target: $46.0 Maintain
19/01/2018 Broker: Longbow Old Rating: Neutral New Rating: Buy Upgrade
05/01/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Old Target: $43 Upgrade
27/10/2017 Broker: Cross Research Old Rating: Sell New Rating: Hold Upgrade
26/10/2017 Broker: SunTrust Rating: Hold New Target: $43.0 Maintain
27/10/2017 Broker: Citigroup Rating: Sell Old Target: $31 New Target: $34 Maintain
26/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $42.0 Maintain
15/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $40.0 Maintain
11/10/2017 Broker: SunTrust Rating: Hold New Target: $39.0 Maintain

Analysts await Caesarstone Ltd. (NASDAQ:CSTE) to report earnings on May, 9. They expect $0.18 EPS, down 41.94% or $0.13 from last year’s $0.31 per share. CSTE’s profit will be $6.18M for 29.38 P/E if the $0.18 EPS becomes a reality. After $0.19 actual EPS reported by Caesarstone Ltd. for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Among 10 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 have Buy rating, 3 Sell and 4 Hold. Therefore 30% are positive. Caesarstone Sdot-Yam has $67 highest and $14 lowest target. $30.50’s average target is 44.21% above currents $21.15 stock price. Caesarstone Sdot-Yam had 28 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Caesarstone Ltd. (NASDAQ:CSTE) has “Neutral” rating given on Thursday, May 11 by Chardan Capital Markets. The rating was upgraded by Bank of America on Friday, October 16 to “Buy”. The stock of Caesarstone Ltd. (NASDAQ:CSTE) earned “Equal-Weight” rating by Barclays Capital on Thursday, February 11. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 13. The company was maintained on Monday, November 7 by Chardan Capital Markets. The firm has “Neutral” rating given on Wednesday, November 2 by JP Morgan. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 2. The rating was maintained by JP Morgan with “Buy” on Monday, August 24. The stock has “Hold” rating by Stifel Nicolaus on Thursday, November 3. Chardan Capital Markets initiated the shares of CSTE in report on Wednesday, April 6 with “Buy” rating.

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.17, from 0.99 in 2017Q2. It increased, as 31 investors sold Avnet, Inc. shares while 107 reduced holdings. 45 funds opened positions while 91 raised stakes. 112.60 million shares or 3.41% less from 116.57 million shares in 2017Q2 were reported. Duncker Streett & reported 600 shares. Perigon Wealth Mgmt Ltd Liability Corporation invested in 180 shares. Sg Americas Securities Ltd Llc invested in 11,091 shares. Los Angeles & Equity reported 95,632 shares stake. Teachers Retirement Sys Of The State Of Kentucky stated it has 26,530 shares. The New York-based Robotti Robert has invested 0.09% in Avnet, Inc. (NYSE:AVT). Schafer Cullen Mngmt Incorporated invested 0.01% in Avnet, Inc. (NYSE:AVT). Deutsche Retail Bank Ag invested in 935,048 shares or 0.03% of the stock. Cornerstone Advsr has 0% invested in Avnet, Inc. (NYSE:AVT). Price T Rowe Md has 0% invested in Avnet, Inc. (NYSE:AVT). Pggm Invs accumulated 33,644 shares. 4,700 were reported by Old Mutual Customised Solutions (Proprietary) Ltd. Breton Hill Capital Limited holds 18,386 shares. Principal Fincl Grp Inc reported 0.02% in Avnet, Inc. (NYSE:AVT). Leuthold Limited Liability Corporation reported 0.57% stake.

The stock decreased 0.48% or $0.21 during the last trading session, reaching $43.58. About 69,532 shares traded. Avnet, Inc. (NYSE:AVT) has declined 4.87% since March 8, 2017 and is downtrending. It has underperformed by 21.57% the S&P500.

Since February 13, 2018, it had 0 insider purchases, and 2 sales for $661,716 activity. On Tuesday, February 13 the insider Summers Kevin V sold $61,452. $600,264 worth of Avnet, Inc. (NYSE:AVT) was sold by GALLAGHER PHILIP R.

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