Constellium N.V. (CSTM) Receives “Hold” Rating from Cowen and Company

Cowen and Company restated their hold rating on shares of Constellium N.V. (NYSE:CSTM) in a research report released on Thursday. The brokerage currently has a $11.00 target price on the industrial products company’s stock.

CSTM has been the topic of several other research reports. BidaskClub raised Constellium N.V. from a hold rating to a buy rating in a research note on Wednesday, July 12th. BMO Capital Markets set a $9.00 price target on Constellium N.V. and gave the company a hold rating in a research report on Friday, July 28th. Finally, Seaport Global Securities cut Constellium N.V. from a buy rating to a neutral rating and lifted their price target for the company from $8.00 to $9.00 in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $9.67.

Shares of Constellium N.V. (NYSE CSTM) traded up 0.679% on Thursday, reaching $11.125. The company had a trading volume of 51,545 shares. Constellium N.V. has a 12 month low of $4.85 and a 12 month high of $11.70. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 41.667 and a beta of 0.70. The stock has a 50 day moving average price of $10.59 and a 200-day moving average price of $8.18.

Constellium N.V. (NYSE:CSTM) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $1.38 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. Analysts forecast that Constellium N.V. will post $0.61 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Royce & Associates LP increased its position in shares of Constellium N.V. by 27.0% during the 2nd quarter. Royce & Associates LP now owns 471,700 shares of the industrial products company’s stock valued at $3,255,000 after purchasing an additional 100,300 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Constellium N.V. during the 2nd quarter valued at $108,000. Boussard & Gavaudan Investment Management LLP increased its position in shares of Constellium N.V. by 59.8% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 1,513,802 shares of the industrial products company’s stock valued at $10,332,000 after purchasing an additional 566,447 shares during the period. RMB Capital Management LLC increased its position in shares of Constellium N.V. by 11.1% during the 1st quarter. RMB Capital Management LLC now owns 185,496 shares of the industrial products company’s stock valued at $1,206,000 after purchasing an additional 18,550 shares during the period. Finally, Credit Suisse AG increased its position in shares of Constellium N.V. by 1,949.8% during the 1st 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. Institutional investors own 57.41% 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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