Shares of Constellium NV (NYSE:CSTM) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.25.
A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Deutsche Bank set a $15.00 price objective on Constellium and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Societe Generale upgraded Constellium from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, October 30th. Finally, BMO Capital Markets reduced their price objective on Constellium from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, October 26th.
CSTM stock traded up $0.39 during midday trading on Monday, reaching $7.96. The company had a trading volume of 1,153,321 shares, compared to its average volume of 1,105,407. Constellium has a fifty-two week low of $7.34 and a fifty-two week high of $14.10. The company has a market cap of $799.26 million, a P/E ratio of -24.88 and a beta of 1.33.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Constellium by 12.1% in the third quarter. Vanguard Group Inc. now owns 101,867 shares of the industrial products company’s stock worth $1,258,000 after purchasing an additional 11,031 shares during the period. Lombard Odier Asset Management USA Corp increased its holdings in shares of Constellium by 1.1% in the third quarter. Lombard Odier Asset Management USA Corp now owns 914,086 shares of the industrial products company’s stock valued at $11,289,000 after buying an additional 10,300 shares in the last quarter. Man Group plc increased its holdings in shares of Constellium by 2.1% in the third quarter. Man Group plc now owns 735,854 shares of the industrial products company’s stock valued at $9,088,000 after buying an additional 14,832 shares in the last quarter. Goldentree Asset Management LP increased its holdings in shares of Constellium by 96.1% in the third quarter. Goldentree Asset Management LP now owns 1,711,977 shares of the industrial products company’s stock valued at $21,143,000 after buying an additional 839,164 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Constellium in the third quarter valued at $787,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.
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.
Further Reading: Fundamental Analysis
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