Constellium N.V. (CSTM) Downgraded by BidaskClub to Sell
Constellium N.V. (NYSE:CSTM) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
A number of other equities analysts have also recently commented on CSTM. Cowen and Company set a $6.00 target price on Constellium N.V. and gave the company a “hold” rating in a report on Thursday, July 27th. Seaport Global Securities cut Constellium N.V. from a “buy” rating to a “neutral” rating and increased their target price for the company from $8.00 to $9.00 in a report on Friday, July 28th. Finally, BMO Capital Markets set a $9.00 target price on Constellium N.V. and gave the company a “hold” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.77.
Shares of Constellium N.V. (NYSE CSTM) traded down 0.48% during mid-day trading on Wednesday, reaching $10.30. The company had a trading volume of 290,205 shares. Constellium N.V. has a 52 week low of $4.85 and a 52 week high of $11.70. The stock has a 50 day moving average of $10.18 and a 200-day moving average of $7.64. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 38.58 and a beta of 0.72.
Constellium N.V. (NYSE:CSTM) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company earned $0.08 EPS. Constellium N.V.’s revenue was up 12.1% compared to the same quarter last year. On average, analysts expect that Constellium N.V. will post $0.62 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. ClariVest Asset Management LLC grew its position in shares of Constellium N.V. by 12.4% in the first quarter. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 1,800 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Constellium N.V. in the second quarter valued at approximately $108,000. KCG Holdings Inc. grew its position in shares of Constellium N.V. by 52.2% in the first quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 6,629 shares in the last quarter. Quantum Capital Management grew its position in shares of Constellium N.V. by 37.7% in the second quarter. Quantum Capital Management now owns 23,080 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 6,324 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. grew its position in shares of Constellium N.V. by 76.4% in the second quarter. Cannell Peter B & Co. Inc. now owns 51,150 shares of the industrial products company’s stock valued at $353,000 after purchasing an additional 22,150 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.
About Constellium N.V.
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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