Shares of Constellium NV (NYSE:CSTM) have been assigned an average recommendation of “Buy” from the six 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 four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.00.
Separately, ValuEngine upgraded Constellium from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th.
Several hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in shares of Constellium during the first quarter worth $41,000. Citigroup Inc. grew its stake in shares of Constellium by 1,297.9% during 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 period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Constellium by 870.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,700 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 8,700 shares during the period. Farmers National Bank acquired a new stake in shares of Constellium during the first quarter worth $80,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Constellium during the first quarter worth $82,000. Institutional investors own 67.86% of the company’s stock.
Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Constellium had a net margin of 4.13% and a negative return on equity of 63.65%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted ($0.18) EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, sell-side analysts forecast that Constellium will post 1.04 EPS for the current fiscal year.
Constellium Company Profile
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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