Cowen Reiterates “$13.00” Price Target for Constellium (CSTM)
Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of Constellium from a hold rating to a sell rating in a report on Wednesday, September 20th. ValuEngine lowered shares of Constellium from a buy rating to a hold rating in a report on Thursday, November 9th. BMO Capital Markets set a $13.00 price objective on shares of Constellium and gave the company a hold rating in a report on Friday, October 27th. Finally, Morgan Stanley upgraded shares of Constellium from an equal weight rating to an overweight rating in a report on Thursday, November 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Constellium presently has an average rating of Hold and a consensus price target of $11.67.
Constellium (NYSE:CSTM) traded down $0.15 during mid-day trading on Tuesday, reaching $9.80. 802,700 shares of the company traded hands, compared to its average volume of 1,265,727. The firm has a market capitalization of $1,050.54, a price-to-earnings ratio of 31.09 and a beta of 0.68. 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 has a 1-year low of $5.35 and a 1-year high of $12.45.
Constellium (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 consensus estimate of $0.18 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.36 billion. Constellium had a net margin of 0.61% and a negative return on equity of 5.81%. Constellium’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. equities analysts anticipate that Constellium will post 0.59 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in CSTM. Evermore Global Advisors LLC acquired a new position in shares of Constellium during the second quarter valued at about $15,220,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Constellium during the third quarter worth about $5,051,000. Arrowstreet Capital Limited Partnership increased its position in shares of Constellium by 1,227.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 530,944 shares of the industrial products company’s stock worth $3,664,000 after acquiring an additional 490,944 shares in the last quarter. Graticule Asia Macro Advisors LLC bought a new stake in shares of Constellium during the third quarter worth about $4,279,000. Finally, Boston Partners bought a new stake in shares of Constellium during the third quarter worth about $3,339,000. Hedge funds and other institutional investors own 56.76% of the company’s stock.
Constellium 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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