Constellium (CSTM) Rating Lowered to Hold at ValuEngine

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ValuEngine downgraded shares of Constellium (NYSE:CSTM) from a buy rating to a hold rating in a research report sent to investors on Tuesday, October 16th.

Several other equities research analysts also recently issued reports on CSTM. Jefferies Financial Group set a $16.00 price objective on shares of Constellium and gave the stock a buy rating in a research note on Tuesday, July 24th. BMO Capital Markets upped their target price on shares of Constellium from $14.00 to $15.00 and gave the company a hold rating in a research note on Wednesday, July 25th. Morgan Stanley upped their target price on shares of Constellium from $15.00 to $16.00 and gave the company an overweight rating in a research note on Wednesday, August 1st. Finally, Deutsche Bank set a $15.00 target price on shares of Constellium and gave the company a buy rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $15.25.

CSTM traded down $0.35 during trading on Tuesday, hitting $8.81. 1,072,072 shares of the company’s stock were exchanged, compared to its average volume of 1,448,573. Constellium has a 1 year low of $8.16 and a 1 year high of $14.10. The company has a market cap of $1.00 billion, a P/E ratio of 67.71 and a beta of 1.33.

Several large investors have recently modified their holdings of CSTM. BlackRock Inc. raised its holdings in shares of Constellium by 71.1% during the second quarter. BlackRock Inc. now owns 5,925,330 shares of the industrial products company’s stock worth $61,031,000 after purchasing an additional 2,463,259 shares during the period. Columbus Circle Investors raised its holdings in shares of Constellium by 249.3% during the second quarter. Columbus Circle Investors now owns 1,676,632 shares of the industrial products company’s stock worth $17,269,000 after purchasing an additional 1,196,604 shares during the period. BlueMountain Capital Management LLC raised its holdings in shares of Constellium by 1,414.7% during the second quarter. BlueMountain Capital Management LLC now owns 1,264,865 shares of the industrial products company’s stock worth $13,028,000 after purchasing an additional 1,181,358 shares during the period. FMR LLC raised its holdings in shares of Constellium by 181.5% during the second quarter. FMR LLC now owns 1,830,606 shares of the industrial products company’s stock worth $18,855,000 after purchasing an additional 1,180,266 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Constellium by 15.5% during the third quarter. Janus Henderson Group PLC now owns 3,904,293 shares of the industrial products company’s stock worth $48,218,000 after purchasing an additional 523,458 shares during the period. 86.32% of the stock is currently owned by institutional investors.

Constellium Company Profile

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Constellium (NYSE:CSTM)

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