Shares of Constellium (NYSE:CSTM) have earned a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.60.
CSTM has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on Constellium from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Cowen set a $20.00 target price on Constellium and gave the stock a “buy” rating in a report on Tuesday, February 6th. ValuEngine upgraded Constellium from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs began coverage on Constellium in a report on Tuesday, March 20th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, Societe Generale cut Constellium from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.
CSTM traded up $0.05 during midday trading on Friday, reaching $11.80. 244,207 shares of the company were exchanged, compared to its average volume of 1,381,086. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of -6.34. Constellium has a one year low of $5.35 and a one year high of $14.10. The stock has a market cap of $1,224.75, a P/E ratio of -36.72 and a beta of 0.90.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Point Capital Management LP bought a new stake in Constellium in the 4th quarter valued at approximately $6,409,000. BB&T Securities LLC lifted its stake in Constellium by 204.9% in the 4th quarter. BB&T Securities LLC now owns 44,582 shares of the industrial products company’s stock valued at $497,000 after acquiring an additional 29,962 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Constellium by 124.0% in the 4th quarter. Macquarie Group Ltd. now owns 49,683 shares of the industrial products company’s stock valued at $554,000 after acquiring an additional 27,500 shares in the last quarter. Millennium Management LLC lifted its stake in Constellium by 80.9% in the 4th quarter. Millennium Management LLC now owns 774,630 shares of the industrial products company’s stock valued at $8,637,000 after acquiring an additional 346,529 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Constellium by 82.4% in the 4th quarter. Raymond James & Associates now owns 47,972 shares of the industrial products company’s stock valued at $535,000 after acquiring an additional 21,666 shares in the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.
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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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