Constellium N.V. (NYSE:CSTM) had its price objective raised by investment analysts at Cowen and Company from $6.00 to $8.30 in a report issued on Monday. The brokerage currently has a “market perform” rating on the industrial products company’s stock. Cowen and Company’s price target suggests a potential downside of 1.19% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Seaport Global Securities downgraded shares of Constellium N.V. from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $8.00 to $9.00 in a report on Friday. BMO Capital Markets set a $9.00 target price on Constellium N.V. and gave the company a “hold” rating in a research note on Friday. Finally, BidaskClub cut Constellium N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.83.
Shares of Constellium N.V. (NYSE:CSTM) traded up 7.93% on Monday, hitting $8.85. 3,328,255 shares of the stock traded hands. Constellium N.V. has a 12-month low of $4.85 and a 12-month high of $8.90. The firm has a market cap of $943.99 million, a P/E ratio of 34.04 and a beta of 0.71. The firm’s 50-day moving average is $7.43 and its 200 day moving average is $6.99.
Constellium N.V. (NYSE:CSTM) last released 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 company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Constellium N.V. will post $0.65 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Constellium N.V. by 0.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,696,175 shares of the industrial products company’s stock worth $39,303,000 after buying an additional 44,200 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Constellium N.V. by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock valued at $25,996,000 after buying an additional 111,649 shares during the period. Canyon Capital Advisors LLC acquired a new stake in shares of Constellium N.V. during the first quarter valued at approximately $19,706,000. Bronson Point Management LLC boosted its stake in shares of Constellium N.V. by 25.6% in the first quarter. Bronson Point Management LLC now owns 2,343,222 shares of the industrial products company’s stock valued at $15,231,000 after buying an additional 478,222 shares during the period. Finally, Sound Point Capital Management LP boosted its stake in shares of Constellium N.V. by 32.5% in the first quarter. Sound Point Capital Management LP now owns 2,065,495 shares of the industrial products company’s stock valued at $13,426,000 after buying an additional 506,945 shares during the period. Institutional investors and hedge funds own 60.46% 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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