Constellium N.V. (CSTM) Lowered to “Hold” at BidaskClub

BidaskClub lowered shares of Constellium N.V. (NYSE:CSTM) from a buy rating to a hold rating in a research note released on Friday morning.

Other analysts have also issued research reports about the stock. BMO Capital Markets set a $13.00 target price on shares of Constellium N.V. and gave the stock a hold rating in a research note on Friday, October 27th. Seaport Global Securities lowered shares of Constellium N.V. from a buy rating to a neutral rating and upped their target price for the stock from $8.00 to $9.00 in a research note on Friday, July 28th. Cowen and Company reiterated a hold rating and issued a $11.00 target price on shares of Constellium N.V. in a research note on Thursday, October 12th. Finally, ValuEngine lowered shares of Constellium N.V. from a buy rating to a hold rating in a research note on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $11.00.

Constellium N.V. (NYSE CSTM) opened at $10.05 on Friday. The stock has a market cap of $1,082.22, a P/E ratio of 32.03 and a beta of 0.72. Constellium N.V. has a 1 year low of $5.35 and a 1 year high of $12.45. 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. (NYSE:CSTM) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.36 billion. Constellium N.V. had a net margin of 0.61% and a negative return on equity of 5.81%. Constellium N.V.’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. equities research analysts forecast that Constellium N.V. will post 0.65 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in Constellium N.V. during the second quarter valued at about $108,000. KCG Holdings Inc. grew its position in Constellium N.V. by 52.2% during the first quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock valued at $126,000 after buying an additional 6,629 shares during the period. Quantitative Systematic Strategies LLC bought a new position in Constellium N.V. during the third quarter valued at about $135,000. Quantum Capital Management grew its position in Constellium N.V. by 37.7% during the second quarter. Quantum Capital Management now owns 23,080 shares of the industrial products company’s stock valued at $159,000 after buying an additional 6,324 shares during the period. Finally, Macquarie Group Ltd. bought a new position in Constellium N.V. during the third quarter valued at about $227,000. Hedge funds and other institutional investors own 54.07% of the company’s stock.

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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