Constellium NV (NYSE:CSTM)’s stock price was down 6.3% during mid-day trading on Wednesday . The company traded as low as $13.17 and last traded at $13.68, approximately 3,886,216 shares changed hands during mid-day trading. An increase of 270% from the average daily volume of 1,049,149 shares. The stock had previously closed at $14.60.
A number of research analysts have recently issued reports on CSTM shares. Credit Suisse Group lifted their target price on shares of Constellium from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. ValuEngine cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Deutsche Bank set a $12.00 target price on shares of Constellium and gave the company a “buy” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Constellium presently has a consensus rating of “Buy” and a consensus price target of $14.50.
The firm’s 50-day moving average is $13.17 and its two-hundred day moving average is $10.86. The stock has a market cap of $2.00 billion, a P/E ratio of 19.27 and a beta of 1.70.
Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.20). Constellium had a negative return on equity of 49.69% and a net margin of 3.44%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Constellium NV will post 0.8 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CSTM. FMR LLC raised its position in Constellium by 24.9% in the 1st quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock worth $33,251,000 after purchasing an additional 829,800 shares during the last quarter. Segantii Capital Management Ltd bought a new position in Constellium in the 2nd quarter worth approximately $502,000. Boussard & Gavaudan Investment Management LLP raised its position in Constellium by 6.2% in the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 2,800,293 shares of the industrial products company’s stock worth $28,577,000 after purchasing an additional 163,629 shares during the last quarter. Quantitative Systematic Strategies LLC raised its position in Constellium by 50.7% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 42,934 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 14,441 shares during the last quarter. Finally, Signaturefd LLC bought a new position in Constellium in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 68.16% of the company’s stock.
Constellium Company Profile (NYSE:CSTM)
Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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