Constellium N.V. (CSTM) Rating Reiterated by Cowen and Company
Constellium N.V. (NYSE:CSTM)‘s stock had its “hold” rating reissued by equities research analysts at Cowen and Company in a research note issued to investors on Thursday. They currently have a $11.00 target price on the industrial products company’s stock. Cowen and Company’s price objective would indicate a potential upside of 1.38% from the company’s previous close.
Other analysts have also recently issued research reports about the company. BidaskClub cut Constellium N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BMO Capital Markets set a $9.00 price target on Constellium N.V. and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Seaport Global Securities cut Constellium N.V. from a “buy” rating to a “neutral” rating and raised their price target for the company from $8.00 to $9.00 in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.67.
Constellium N.V. (CSTM) opened at 10.85 on Thursday. The firm has a market cap of $1.15 billion, a P/E ratio of 40.64 and a beta of 0.69. The company has a 50-day moving average price of $10.54 and a 200-day moving average price of $8.11. Constellium N.V. has a 1-year low of $4.85 and a 1-year high of $11.70.
Constellium N.V. (NYSE:CSTM) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Constellium N.V. will post $0.61 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ecofin Ltd. raised its holdings in shares of Constellium N.V. by 1.7% during the 2nd quarter. Ecofin Ltd. now owns 647,101 shares of the industrial products company’s stock valued at $4,465,000 after buying an additional 10,905 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Constellium N.V. by 3.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,435 shares of the industrial products company’s stock valued at $797,000 after buying an additional 3,695 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Constellium N.V. by 1,227.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 530,944 shares of the industrial products company’s stock valued at $3,664,000 after buying an additional 490,944 shares in the last quarter. BlueCrest Capital Management Ltd raised its holdings in shares of Constellium N.V. by 5.8% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 144,331 shares of the industrial products company’s stock valued at $996,000 after buying an additional 7,900 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in shares of Constellium N.V. during the 2nd quarter valued at about $1,101,000. 57.42% of the stock is currently owned by institutional investors.
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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