Cowen and Company Reaffirms Hold Rating for Constellium N.V. (CSTM)

Constellium N.V. (NYSE:CSTM)‘s stock had its “hold” rating reaffirmed by Cowen and Company in a research note issued to investors on Thursday. They presently have a $11.00 target price on the industrial products company’s stock. Cowen and Company’s target price indicates a potential upside of 1.38% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Constellium N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. BMO Capital Markets set a $9.00 price objective on shares of Constellium N.V. and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Seaport Global Securities cut shares of Constellium N.V. from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $8.00 to $9.00 in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Constellium N.V. currently has an average rating of “Hold” and a consensus price target of $9.67.

Shares of Constellium N.V. (CSTM) opened at 10.85 on Thursday. The company has a market capitalization of $1.15 billion, a P/E ratio of 40.64 and a beta of 0.69. The firm has a 50-day moving average of $10.54 and a 200-day moving average of $8.11. Constellium N.V. has a one year low of $4.85 and a one year high of $11.70.

Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.08). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. Analysts forecast that Constellium N.V. will post $0.61 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/10/12/cowen-and-company-reaffirms-hold-rating-for-constellium-n-v-cstm.html.

Several hedge funds and other institutional investors have recently modified their holdings of CSTM. Canyon Capital Advisors LLC acquired a new stake in shares of Constellium N.V. in the first quarter valued at about $19,706,000. Evermore Global Advisors LLC acquired a new stake in shares of Constellium N.V. in the second quarter valued at about $15,220,000. York Capital Management Global Advisors LLC acquired a new stake in shares of Constellium N.V. in the first quarter valued at about $7,800,000. Boussard & Gavaudan Investment Management LLP raised its position in shares of Constellium N.V. by 59.8% in the second 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 during the last quarter. Finally, Sound Point Capital Management LP raised its position in shares of Constellium N.V. by 32.5% in the first quarter. Sound Point Capital Management LP now owns 2,065,495 shares of the industrial products company’s stock valued at $13,426,000 after buying an additional 506,945 shares during the last quarter. Institutional investors and hedge funds own 57.42% of the company’s stock.

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.

Receive News & Ratings for Constellium N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply