Cowen and Company Reiterates $6.00 Price Target for Constellium N.V. (CSTM)
Cowen and Company set a $6.00 price objective on Constellium N.V. (NYSE:CSTM) in a research report sent to investors on Thursday. The brokerage currently has a hold rating on the industrial products company’s stock.
Separately, BidaskClub raised Constellium N.V. from a hold rating to a buy rating in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $9.25.
Shares of Constellium N.V. (NYSE CSTM) opened at 8.20 on Thursday. The firm has a market cap of $874.66 million, a price-to-earnings ratio of 31.54 and a beta of 0.71. Constellium N.V. has a 12 month low of $4.85 and a 12 month high of $8.90. The company has a 50-day moving average price of $7.43 and a 200-day moving average price of $6.99.
Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.08. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that Constellium N.V. will post $0.65 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of CSTM. ClariVest Asset Management LLC increased its stake in shares of Constellium N.V. by 12.4% in the first quarter. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company’s stock valued at $106,000 after buying an additional 1,800 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Constellium N.V. during the second quarter valued at approximately $108,000. KCG Holdings Inc. increased its stake in shares of Constellium N.V. by 52.2% in 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. Renaissance Group LLC bought a new stake in shares of Constellium N.V. during the first quarter valued at approximately $333,000. Finally, Whitebox Advisors LLC bought a new stake in shares of Constellium N.V. during the first quarter valued at approximately $448,000. 60.46% of the stock is 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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