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.
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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