Constellium (NYSE:CSTM) received a $13.00 target price from Cowen in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the industrial products company’s stock. Cowen’s price objective suggests a potential upside of 27.45% from the company’s previous close.
CSTM has been the subject of a number of other research reports. Morgan Stanley upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 16th. BidaskClub upgraded shares of Constellium from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. BMO Capital Markets set a $13.00 price objective on shares of Constellium and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, ValuEngine downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.67.
Shares of Constellium (NYSE CSTM) traded up $0.20 during mid-day trading on Tuesday, hitting $10.20. 802,500 shares of the stock traded hands, compared to its average volume of 1,267,257. The stock has a market capitalization of $1,055.82, a P/E ratio of 31.25 and a beta of 0.68. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.70 and a current ratio of 1.24. Constellium has a 52 week low of $5.35 and a 52 week high of $12.45.
A number of large investors have recently modified their holdings of CSTM. Evermore Global Advisors LLC bought a new position in Constellium during the second quarter worth about $15,220,000. Royce & Associates LP boosted its position in Constellium by 27.0% during the second quarter. Royce & Associates LP now owns 471,700 shares of the industrial products company’s stock worth $3,255,000 after purchasing an additional 100,300 shares during the period. Renaissance Group LLC boosted its position in Constellium by 10.9% during the second quarter. Renaissance Group LLC now owns 56,809 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 5,573 shares during the period. Cannell Peter B & Co. Inc. boosted its position in Constellium by 76.4% during the second quarter. Cannell Peter B & Co. Inc. now owns 51,150 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 22,150 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Constellium by 249.5% during the second quarter. JPMorgan Chase & Co. now owns 298,250 shares of the industrial products company’s stock worth $2,058,000 after purchasing an additional 212,921 shares during the period. Hedge funds and other institutional investors own 56.76% of the company’s stock.
Constellium 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.
