Zacks lowered shares of Constellium (NASDAQ:CSTM) from an outperform rating to a neutral rating in a report released on Thursday, Stock Ratings Network reports. Zacks currently has $23.70 price objective on the stock.
Zacks has also modified their ratings on a number of other stocks in the few days. The firm reiterated its neutral rating on shares of Canadian National Railway. They have a $58.00 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Core Labs. They have a $198.00 price target on that stock. Finally, Zacks upgraded shares of Prudential Public from a neutral rating to an outperform rating. Zacks now has a $44.20 price target on that stock.
A number of other firms have also recently commented on CSTM. Analysts at Societe Generale initiated coverage on shares of Constellium in a research note to investors on Monday, November 25th. They set a buy rating and a $23.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated a buy rating on shares of Constellium in a research note to investors on Friday, November 22nd. They now have a $25.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Constellium in a research note to investors on Friday, November 22nd. They set a buy rating and a $25.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Constellium presently has a consensus rating of Buy and a consensus price target of $23.21.
Constellium (NASDAQ:CSTM) opened at 21.36 on Thursday. Constellium has a 52-week low of $13.26 and a 52-week high of $22.35. The stock’s 50-day moving average is $19.48 and its 200-day moving average is $17.95. The company has a market cap of $2.243 billion and a price-to-earnings ratio of 13.70.
Constellium (NASDAQ:CSTM) last announced its earnings results on Thursday, November 14th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $862.00 million for the quarter, compared to the consensus estimate of $866.57 million. The company’s quarterly revenue was down 2.6% on a year-over-year basis.
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions.
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