Constellium NV (NYSE:CSTM) – Analysts at Seaport Global Securities decreased their Q4 2018 EPS estimates for shares of Constellium in a research note issued to investors on Friday, October 26th. Seaport Global Securities analyst J. Sullivan now anticipates that the industrial products company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.16. Seaport Global Securities also issued estimates for Constellium’s Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.17 EPS and FY2019 earnings at $0.98 EPS.
Several other research firms have also recently commented on CSTM. Morgan Stanley upped their price target on Constellium from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 1st. Deutsche Bank set a $15.00 price target on Constellium and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. BMO Capital Markets upped their price target on Constellium from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Jefferies Financial Group set a $16.00 price target on Constellium and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Finally, ValuEngine upgraded Constellium from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.71.
A number of hedge funds have recently made changes to their positions in the stock. Iberiabank Corp acquired a new position in Constellium during the third quarter worth $193,000. Northern Trust Corp grew its holdings in Constellium by 436.5% during the second quarter. Northern Trust Corp now owns 249,679 shares of the industrial products company’s stock worth $2,571,000 after acquiring an additional 203,140 shares during the period. Bank of New York Mellon Corp acquired a new position in Constellium during the second quarter worth $127,000. Bank of America Corp DE grew its holdings in Constellium by 69.5% during the second quarter. Bank of America Corp DE now owns 980,890 shares of the industrial products company’s stock worth $10,103,000 after acquiring an additional 402,066 shares during the period. Finally, Raymond James & Associates grew its holdings in Constellium by 23.8% during the second quarter. Raymond James & Associates now owns 70,302 shares of the industrial products company’s stock worth $724,000 after acquiring an additional 13,534 shares during the period. 86.40% of the stock is currently owned by hedge funds and other institutional investors.
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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