Constellium N.V. (CSTM) Cut to “Hold” at BidaskClub
BidaskClub downgraded shares of Constellium N.V. (NYSE:CSTM) from a buy rating to a hold rating in a report published on Friday.
A number of other brokerages have also weighed in on CSTM. Seaport Global Securities lowered shares of 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 report on Friday, July 28th. Cowen and Company restated a hold rating and issued a $11.00 price objective on shares of Constellium N.V. in a report on Thursday, October 12th. BMO Capital Markets set a $13.00 price objective on shares of Constellium N.V. and gave the company a hold rating in a report on Friday, October 27th. Finally, ValuEngine lowered shares of Constellium N.V. from a buy rating to a hold rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $11.00.
Shares of Constellium N.V. (CSTM) traded up $0.10 during mid-day trading on Friday, reaching $10.25. 1,752,800 shares of the company’s stock traded hands, compared to its average volume of 1,267,134. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.24 and a quick ratio of 0.70. Constellium N.V. has a 52 week low of $5.35 and a 52 week high of $12.45. The stock has a market cap of $1,082.22, a PE ratio of 32.03 and a beta of 0.72.
Constellium N.V. (NYSE:CSTM) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Constellium N.V. had a net margin of 0.61% and a negative return on equity of 5.81%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted $0.14 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. sell-side analysts predict that Constellium N.V. will post 0.65 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its stake in Constellium N.V. by 4.7% in the first quarter. Parametric Portfolio Associates LLC now owns 175,960 shares of the industrial products company’s stock valued at $1,144,000 after purchasing an additional 7,863 shares during the period. KCG Holdings Inc. increased its stake in Constellium N.V. by 52.2% in the first quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 6,629 shares during the period. Credit Suisse AG increased its stake in Constellium N.V. by 1,949.8% in the first quarter. Credit Suisse AG now owns 390,975 shares of the industrial products company’s stock valued at $2,541,000 after purchasing an additional 371,901 shares during the period. Fox Run Management L.L.C. acquired a new position in Constellium N.V. in the second quarter valued at $108,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Constellium N.V. by 0.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,696,175 shares of the industrial products company’s stock valued at $39,303,000 after purchasing an additional 44,200 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.
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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