Constellium N.V. (CSTM) Rating Lowered to Hold at ValuEngine
Constellium N.V. (NYSE:CSTM) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.
A number of other equities research analysts have also weighed in on CSTM. BidaskClub lowered shares of Constellium N.V. from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Cowen and Company set a $6.00 price objective on shares of Constellium N.V. and gave the company a “hold” rating in a report on Thursday, July 27th. Seaport Global Securities lowered shares of Constellium N.V. from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $8.00 to $9.00 in a report on Friday, July 28th. Finally, BMO Capital Markets set a $9.00 price objective on shares of Constellium N.V. and gave the company a “hold” rating in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Constellium N.V. has a consensus rating of “Hold” and an average price target of $11.00.
Constellium N.V. (NYSE CSTM) opened at $10.25 on Thursday. The stock has a market capitalization of $1,071.66, a price-to-earnings ratio of 31.72 and a beta of 0.72. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of -4.43. Constellium N.V. has a 12-month low of $5.35 and a 12-month high of $12.45.
Constellium N.V. (NYSE:CSTM) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.36 billion. Constellium N.V. had a negative return on equity of 5.81% and a net margin of 0.61%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. equities research analysts anticipate that Constellium N.V. will post 0.65 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in CSTM. Fox Run Management L.L.C. purchased a new stake in shares of Constellium N.V. during the second quarter valued at $108,000. KCG Holdings Inc. grew its holdings in shares of 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 last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Constellium N.V. during the third quarter valued at $135,000. Quantum Capital Management grew its holdings in shares of 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 last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Constellium N.V. in the third quarter valued at $227,000. 55.54% of the stock is currently owned by hedge funds and other institutional investors.
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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