Constellium N.V. (NYSE:CSTM) Raised to “Buy” at BidaskClub

Constellium N.V. (NYSE:CSTM) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, August 1st.

CSTM has been the subject of several other research reports. Seaport Global Securities downgraded Constellium N.V. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $9.00 in a research report on Friday, July 28th. Cowen and Company raised their price target on Constellium N.V. from $6.00 to $8.30 and gave the stock a “market perform” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets set a $9.00 price target on Constellium N.V. and gave the stock a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Constellium N.V. presently has an average rating of “Buy” and an average price target of $8.77.

Shares of Constellium N.V. (NYSE:CSTM) traded down 3.02% during mid-day trading on Tuesday, hitting $9.65. The company had a trading volume of 2,664,006 shares. Constellium N.V. has a 12 month low of $4.85 and a 12 month high of $10.95. The firm has a 50-day moving average price of $8.15 and a 200 day moving average price of $7.17. The firm’s market capitalization is $1.02 billion.

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 the consensus estimate of $0.24 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS. On average, equities research analysts forecast that Constellium N.V. will post $0.61 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Motley Fool Wealth Management LLC increased its stake in shares of Constellium N.V. by 3.8% in the first quarter. Motley Fool Wealth Management LLC now owns 408,834 shares of the industrial products company’s stock worth $2,657,000 after buying an additional 15,128 shares in the last quarter. 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 worth $106,000 after buying an additional 1,800 shares in the last quarter. Robecosam AG increased its stake in shares of Constellium N.V. by 48.6% in the first quarter. Robecosam AG now owns 1,100,000 shares of the industrial products company’s stock worth $7,260,000 after buying an additional 360,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Constellium N.V. by 6.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 111,740 shares of the industrial products company’s stock worth $726,000 after buying an additional 7,145 shares in the last quarter. Finally, Oxford Asset Management acquired a new stake in shares of Constellium N.V. during the first quarter worth approximately $463,000. 60.32% of the stock is owned by institutional investors and hedge funds.

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.