Constellium N.V. (CSTM) Lowered to “Buy” at BidaskClub
Constellium N.V. (NYSE:CSTM) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Several other research analysts also recently commented on CSTM. BMO Capital Markets set a $9.00 target price on shares of Constellium N.V. and gave the stock a “hold” rating in a report on Friday, July 28th. Cowen and Company lifted their target price on shares of Constellium N.V. from $6.00 to $8.30 and gave the stock a “market perform” rating in a report on Monday, July 31st. Finally, Seaport Global Securities downgraded shares of Constellium N.V. from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $8.00 to $9.00 in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $8.77.
Shares of Constellium N.V. (NYSE:CSTM) traded down 1.52% during mid-day trading on Thursday, hitting $9.70. The stock had a trading volume of 1,411,105 shares. Constellium N.V. has a 52 week low of $4.85 and a 52 week high of $11.70. The stock has a market cap of $1.02 billion, a P/E ratio of 37.31 and a beta of 0.72. The stock has a 50-day moving average price of $10.11 and a 200 day moving average price of $7.62.
Constellium N.V. (NYSE:CSTM) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). Constellium N.V. had a net margin of 0.48% and a negative return on equity of 4.31%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Constellium N.V. will post $0.62 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in CSTM. Wells Fargo & Company MN raised its holdings in Constellium N.V. by 287.6% in the 1st quarter. Wells Fargo & Company MN now owns 126,687 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 93,999 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Constellium N.V. by 4.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 175,960 shares of the industrial products company’s stock worth $1,144,000 after acquiring an additional 7,863 shares during the period. Oxford Asset Management bought a new position in Constellium N.V. in the 1st quarter worth $463,000. Raymond James Financial Services Advisors Inc. raised its holdings in Constellium N.V. by 6.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 111,740 shares of the industrial products company’s stock worth $726,000 after acquiring an additional 7,145 shares during the period. Finally, Robecosam AG raised its holdings in Constellium N.V. by 48.6% in the 1st quarter. Robecosam AG now owns 1,100,000 shares of the industrial products company’s stock worth $7,260,000 after acquiring an additional 360,000 shares during the period. Hedge funds and other institutional investors own 57.59% 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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