Shares of Constellium NV (NYSE:CSTM) have been given an average recommendation of “Buy” by the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.25.
Several equities research analysts have recently commented on the stock. Deutsche Bank set a $15.00 target price on shares of Constellium and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine raised shares of Constellium from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. BMO Capital Markets reduced their price objective on shares of Constellium from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, October 26th. Finally, Societe Generale raised shares of Constellium from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, October 30th.
CSTM opened at $7.77 on Tuesday. Constellium has a 1-year low of $6.26 and a 1-year high of $14.10. The firm has a market capitalization of $842.54 million, a price-to-earnings ratio of -24.28 and a beta of 1.32.
Constellium (NYSE:CSTM) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Constellium had a net margin of 2.91% and a negative return on equity of 10.78%. On average, equities research analysts predict that Constellium will post 1.01 EPS for the current year.
A number of hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Constellium during the 2nd quarter valued at approximately $105,000. Bank of New York Mellon Corp bought a new position in shares of Constellium in the 2nd quarter worth $127,000. Schwab Charles Investment Management Inc. bought a new position in shares of Constellium in the 2nd quarter worth $187,000. Iberiabank Corp bought a new position in shares of Constellium in the 3rd quarter worth $193,000. Finally, Korea Investment CORP increased its holdings in shares of Constellium by 103.3% in the 3rd quarter. Korea Investment CORP now owns 18,700 shares of the industrial products company’s stock worth $231,000 after buying an additional 9,500 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.
Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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