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.
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.
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