Constellium N.V. (CSTM) Receives Consensus Rating of “Buy” from Brokerages
Constellium N.V. (NYSE:CSTM) has earned an average recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $8.77.
A number of brokerages have recently issued reports on CSTM. BidaskClub raised Constellium N.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Seaport Global Securities cut Constellium N.V. from a “buy” rating to a “neutral” rating and raised their price objective for the company from $8.00 to $9.00 in a research note on Friday, July 28th. Cowen and Company set a $6.00 price objective on Constellium N.V. and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets set a $9.00 price objective on Constellium N.V. and gave the company a “hold” rating in a research note on Friday, July 28th.
Several hedge funds have recently bought and sold shares of the company. Canyon Capital Advisors LLC acquired a new stake in Constellium N.V. during the first quarter valued at about $19,706,000. Evermore Global Advisors LLC acquired a new stake in Constellium N.V. during the second quarter valued at about $15,220,000. York Capital Management Global Advisors LLC acquired a new stake in Constellium N.V. during the first quarter valued at about $7,800,000. Rubric Capital Management LP acquired a new stake in Constellium N.V. during the first quarter valued at about $6,825,000. Finally, Boussard & Gavaudan Investment Management LLP boosted its stake in Constellium N.V. by 666.0% in the first quarter. Boussard & Gavaudan Investment Management LLP now owns 947,355 shares of the industrial products company’s stock valued at $6,347,000 after buying an additional 823,685 shares during the last quarter. 62.19% of the stock is currently owned by institutional investors.
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Shares of Constellium N.V. (NYSE:CSTM) remained flat at $10.30 during trading on Tuesday. 543,777 shares of the company’s stock traded hands. Constellium N.V. has a 52-week low of $4.85 and a 52-week high of $10.95. The company has a market cap of $1.09 billion, a PE ratio of 39.46 and a beta of 0.77. The firm has a 50 day moving average of $9.02 and a 200 day moving average of $7.36.
Constellium N.V. (NYSE:CSTM) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.08. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. Constellium N.V. had a net margin of 0.48% and a negative return on equity of 4.31%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. Equities analysts anticipate that Constellium N.V. will post $0.61 EPS for the current year.
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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