Shares of Constellium N.V. (NYSE:CSTM) have earned an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.67.
A number of research analysts recently weighed in on the company. Cowen upgraded Constellium from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $11.00 to $13.00 in a report on Monday, November 27th. Morgan Stanley upgraded Constellium from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 16th. BidaskClub cut Constellium from a “buy” rating to a “hold” rating in a report on Friday, November 10th. ValuEngine cut Constellium from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets set a $13.00 target price on Constellium and gave the company a “hold” rating in a report on Friday, October 27th.
Shares of Constellium (NYSE CSTM) traded down $0.05 during trading hours on Monday, hitting $10.10. The stock had a trading volume of 491,880 shares, compared to its average volume of 1,271,369. The stock has a market capitalization of $1,103.33, a P/E ratio of 32.66 and a beta of 0.68. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.70 and a current ratio of 1.24. Constellium has a twelve month low of $5.35 and a twelve month high of $12.45.
Constellium (NYSE:CSTM) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.36 billion. Constellium had a negative return on equity of 5.81% and a net margin of 0.61%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. research analysts forecast that Constellium will post 0.6 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its stake in shares of Constellium by 27.0% in the second quarter. Royce & Associates LP now owns 471,700 shares of the industrial products company’s stock worth $3,255,000 after acquiring an additional 100,300 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Constellium by 249.5% in the second quarter. JPMorgan Chase & Co. now owns 298,250 shares of the industrial products company’s stock valued at $2,058,000 after buying an additional 212,921 shares during the last quarter. Rubric Capital Management LP increased its holdings in Constellium by 5.2% in the second 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 during the last quarter. GSA Capital Partners LLP increased its holdings in Constellium by 63.1% in the second quarter. GSA Capital Partners LLP now owns 387,519 shares of the industrial products company’s stock valued at $2,674,000 after buying an additional 149,919 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Constellium by 2.2% in the second 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 during the last quarter. Institutional investors and hedge funds own 56.76% of the company’s stock.
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Constellium 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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