BidaskClub Downgrades Constellium N.V. (CSTM) to Hold

Constellium N.V. (NYSE:CSTM) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

CSTM has been the topic of several other research reports. BMO Capital Markets set a $13.00 price target on Constellium N.V. and gave the company a “hold” rating in a report on Friday, October 27th. Seaport Global Securities cut Constellium N.V. from a “buy” rating to a “neutral” rating and raised their price target for the company from $8.00 to $9.00 in a report on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and issued a $11.00 price target on shares of Constellium N.V. in a report on Thursday, October 12th. Finally, ValuEngine cut Constellium N.V. from a “buy” rating to a “hold” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.

Shares of Constellium N.V. (NYSE CSTM) opened at $10.25 on Friday. Constellium N.V. has a 1-year low of $5.35 and a 1-year high of $12.45. The firm has a market capitalization of $1,360.00, a PE ratio of 31.72 and a beta of 0.71. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of -4.43.

Constellium N.V. (NYSE:CSTM) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Constellium N.V. had a negative return on equity of 5.81% and a net margin of 0.61%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. equities research analysts forecast that Constellium N.V. will post 0.65 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Constellium N.V. by 0.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 5,696,175 shares of the industrial products company’s stock valued at $39,303,000 after buying an additional 44,200 shares in the last quarter. Evermore Global Advisors LLC purchased a new position in shares of Constellium N.V. during the 2nd quarter valued at about $15,220,000. Boussard & Gavaudan Investment Management LLP raised its holdings in shares of Constellium N.V. by 59.8% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 1,513,802 shares of the industrial products company’s stock valued at $10,332,000 after buying an additional 566,447 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of Constellium N.V. by 5.2% during the 2nd quarter. Rubric Capital Management LP now owns 1,104,694 shares of the industrial products company’s stock valued at $7,622,000 after buying an additional 54,694 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Constellium N.V. by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 722,400 shares of the industrial products company’s stock valued at $4,985,000 after buying an additional 15,700 shares in the last quarter. 55.54% of the stock is currently owned by institutional investors.

Constellium N.V. Company Profile

Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

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