Constellium (NYSE:CSTM) Downgraded to Hold at ValuEngine

ValuEngine lowered shares of Constellium (NYSE:CSTM) from a buy rating to a hold rating in a report published on Saturday morning, ValuEngine reports.

Separately, Deutsche Bank set a $12.00 price target on Constellium and gave the company a buy rating in a report on Thursday, July 11th.

Shares of CSTM stock opened at $12.29 on Friday. Constellium has a 12 month low of $6.26 and a 12 month high of $14.16. The business’s 50 day moving average is $12.53 and its two-hundred day moving average is $10.46. The company has a market cap of $1.67 billion, a PE ratio of 17.31 and a beta of 1.70.



Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.20). Constellium had a net margin of 3.44% and a negative return on equity of 49.69%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts expect that Constellium will post 0.82 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC bought a new stake in shares of Constellium in the second quarter valued at approximately $40,000. Tower Research Capital LLC TRC boosted its position in shares of Constellium by 124.1% in the second quarter. Tower Research Capital LLC TRC now owns 11,130 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 6,164 shares during the period. Private Advisor Group LLC bought a new stake in shares of Constellium in the second quarter valued at approximately $140,000. Paloma Partners Management Co bought a new stake in shares of Constellium in the second quarter valued at approximately $186,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Constellium in the second quarter valued at approximately $193,000. 68.17% of the stock is owned by 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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