Constellium NV (CSTM) Receives Average Recommendation of “Buy” from Brokerages

Constellium NV (NYSE:CSTM) has received a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.33.

Separately, ValuEngine raised Constellium from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th.

CSTM stock traded down $0.46 during trading on Friday, reaching $8.47. 844,925 shares of the stock were exchanged, compared to its average volume of 860,498. Constellium has a twelve month low of $6.26 and a twelve month high of $13.35. The company has a market cap of $1.15 billion, a P/E ratio of 11.93 and a beta of 1.56.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). Constellium had a negative return on equity of 42.78% and a net margin of 3.31%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.32 billion. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts predict that Constellium will post 1.12 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its stake in shares of Constellium by 1,297.9% in the fourth quarter. Citigroup Inc. now owns 6,542 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 6,074 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Constellium in the fourth quarter worth approximately $80,000. Brooks Moore & Associates Inc. purchased a new stake in shares of Constellium in the fourth quarter worth approximately $103,000. Blueshift Asset Management LLC purchased a new stake in shares of Constellium during the fourth quarter valued at approximately $185,000. Finally, Korea Investment CORP increased its position in shares of Constellium by 103.3% during the third quarter. Korea Investment CORP now owns 18,700 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 9,500 shares during the last quarter. 87.79% of the stock is owned by hedge funds and other institutional investors.

About Constellium

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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Analyst Recommendations for Constellium (NYSE:CSTM)

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