Constellium NV (NYSE:CSTM) was upgraded by equities research analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $8.00 price target on the stock. Seaport Global Securities’ target price indicates a potential upside of 32.23% from the company’s current price.

Several other brokerages also recently issued reports on CSTM. Societe Generale downgraded shares of Constellium NV from a “hold” rating to a “sell” rating in a research report on Monday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Constellium NV in a research report on Sunday, August 28th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Constellium NV in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $8.91.

Analyst Recommendations for Constellium NV (NYSE:CSTM)

Shares of Constellium NV (NYSE:CSTM) traded up 8.6463% during midday trading on Wednesday, hitting $6.5731. 345,220 shares of the company traded hands. Constellium NV has a 52 week low of $3.95 and a 52 week high of $9.94. The company has a 50-day moving average price of $5.98 and a 200-day moving average price of $5.70. The stock’s market capitalization is $657.31 million.

Hedge funds have recently added to or reduced their stakes in the company. Wingspan Investment Management LP bought a new stake in Constellium NV during the second quarter worth $7,014,000. D. E. Shaw & Co. Inc. increased its stake in Constellium NV by 28.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 6,150,162 shares of the company’s stock worth $44,281,000 after buying an additional 1,366,325 shares during the last quarter. Concourse Capital Management LLC increased its stake in Constellium NV by 598.1% in the second quarter. Concourse Capital Management LLC now owns 794,203 shares of the company’s stock worth $3,725,000 after buying an additional 680,444 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Constellium NV by 4.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 6,505,900 shares of the company’s stock worth $46,843,000 after buying an additional 302,500 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in Constellium NV during the first quarter worth $1,336,000. 63.67% of the stock is owned by institutional investors and hedge funds.

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About Constellium NV

Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace, automotive and packaging. The Company offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles, as well as tubes and bars, among others.

5 Day Chart for NYSE:CSTM

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