Constellium NV (NYSE:CSTM) has been assigned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.25.
Several analysts recently commented on the stock. ValuEngine raised shares of Constellium from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley raised their price target on shares of Constellium from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Cowen set a $20.00 price target on shares of Constellium and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Societe Generale downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.
Shares of Constellium (NYSE CSTM) opened at $11.80 on Wednesday. Constellium has a 1 year low of $5.35 and a 1 year high of $14.10. The company has a market cap of $1,590.00, a PE ratio of -29.63 and a beta of 0.86. The company has a debt-to-equity ratio of -6.34, a quick ratio of 0.68 and a current ratio of 1.26.
Several hedge funds and other institutional investors have recently made changes to their positions in CSTM. BlackRock Inc. boosted its holdings in shares of Constellium by 2,011.0% during the 4th quarter. BlackRock Inc. now owns 2,154,669 shares of the industrial products company’s stock valued at $24,025,000 after acquiring an additional 2,052,599 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in shares of Constellium during the 4th quarter valued at about $16,219,000. Boussard & Gavaudan Investment Management LLP boosted its holdings in shares of Constellium by 79.9% during the 4th quarter. Boussard & Gavaudan Investment Management LLP now owns 2,719,822 shares of the industrial products company’s stock valued at $30,054,000 after acquiring an additional 1,207,612 shares during the last quarter. Governors Lane LP boosted its holdings in shares of Constellium by 97.9% in the fourth quarter. Governors Lane LP now owns 2,275,288 shares of the industrial products company’s stock worth $25,369,000 after buying an additional 1,125,288 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Constellium by 104.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,273,650 shares of the industrial products company’s stock worth $14,201,000 after buying an additional 650,706 shares during the last quarter. 80.66% of the stock is currently owned by hedge funds and other institutional investors.
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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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