Constellium NV (NYSE:CSTM) Given Average Recommendation of “Hold” by Brokerages
Constellium NV (NYSE:CSTM) has received a consensus recommendation of “Hold” from the ten brokerages that are covering the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.50.
Several equities research analysts have recently issued reports on the stock. Societe Generale lowered shares of Constellium NV from a “hold” rating to a “sell” rating in a research note on Monday, September 5th. Seaport Global Securities started coverage on shares of Constellium NV in a report on Friday, September 9th. They issued a “neutral” rating and a $8.00 price objective for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Constellium NV in a report on Sunday, August 28th. Zacks Investment Research downgraded shares of Constellium NV from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Constellium NV in a report on Wednesday, August 3rd.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in shares of Constellium NV by 1.1% in the second quarter. Stifel Financial Corp now owns 27,000 shares of the company’s stock valued at $127,000 after buying an additional 300 shares during the last quarter. Boothbay Fund Management LLC increased its stake in Constellium NV by 40.4% in the first quarter. Boothbay Fund Management LLC now owns 27,459 shares of the company’s stock worth $143,000 after buying an additional 7,903 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Constellium NV by 162.6% in the first quarter. UBS Asset Management Americas Inc. now owns 29,393 shares of the company’s stock worth $152,000 after buying an additional 18,200 shares in the last quarter. Pitcairn Co. increased its stake in Constellium NV by 5.2% in the second quarter. Pitcairn Co. now owns 30,047 shares of the company’s stock worth $141,000 after buying an additional 1,493 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Constellium NV during the second quarter worth about $149,000. 68.03% of the stock is owned by hedge funds and other institutional investors.
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Shares of Constellium NV (NYSE:CSTM) traded down 1.59% on Monday, hitting $6.79. 379,432 shares of the stock traded hands. The stock has a 50-day moving average price of $6.90 and a 200 day moving average price of $5.58. The firm’s market cap is $716.50 million. Constellium NV has a 52 week low of $3.38 and a 52 week high of $9.94.
Constellium NV (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.11. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted ($0.61) EPS. The firm’s revenue was down 10.3% compared to the same quarter last year. Equities research analysts predict that Constellium NV will post $0.27 EPS for the current fiscal year.
About Constellium NV
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace, automotive and packaging. The Company offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles, as well as tubes and bars, among others.
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