Constellium Reaches New 12-Month High at $23.98 (CSTM)
Constellium (NASDAQ:CSTM)’s share price reached a new 52-week high on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $23.98 and last traded at $23.82, with a volume of 184,800 shares traded. The stock had previously closed at $23.21.
A number of research firms have recently commented on CSTM. Analysts at Zacks downgraded shares of Constellium from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, December 5th. They now have a $23.70 price target on the stock. Separately, analysts at Societe Generale initiated coverage on shares of Constellium in a research note to investors on Monday, November 25th. They set a “buy” rating and a $23.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Constellium in a research note to investors on Friday, November 22nd. They now have a $25.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.21.
Constellium has a 1-year low of $13.26 and a 1-year high of $23.74. The stock’s 50-day moving average is $21.86 and its 200-day moving average is $19.02. The company has a market cap of $2.495 billion and a P/E ratio of 14.88.
Constellium (NASDAQ:CSTM) last released its earnings data on Thursday, November 14th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $862.00 million for the quarter, compared to the consensus estimate of $866.57 million. The company’s quarterly revenue was down 2.6% on a year-over-year basis.
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions.
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