Deutsche Bank set a $12.00 price target on Constellium (NYSE:CSTM) in a report released on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the industrial products company’s stock.
Separately, ValuEngine upgraded shares of WEX from a hold rating to a buy rating in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Constellium currently has an average rating of Buy and a consensus target price of $13.40.
Constellium stock opened at $10.33 on Thursday. The business’s 50-day simple moving average is $9.51. Constellium has a one year low of $6.26 and a one year high of $13.35. The firm has a market cap of $1.41 billion, a P/E ratio of 14.55 and a beta of 1.72.
Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). Constellium had a negative return on equity of 63.65% and a net margin of 4.13%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company earned ($0.18) earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, research analysts expect that Constellium will post 1.04 earnings per share for the current year.
A number of large investors have recently modified their holdings of CSTM. Norges Bank acquired a new stake in Constellium in the 4th quarter valued at about $7,280,000. FMR LLC lifted its stake in Constellium by 24.9% in the 1st quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock valued at $33,251,000 after purchasing an additional 829,800 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Constellium by 50.2% in the 1st quarter. Marshall Wace North America L.P. now owns 887,034 shares of the industrial products company’s stock valued at $7,076,000 after purchasing an additional 296,345 shares during the last quarter. Jennison Associates LLC lifted its stake in Constellium by 26.0% in the 1st quarter. Jennison Associates LLC now owns 1,150,603 shares of the industrial products company’s stock valued at $9,182,000 after purchasing an additional 237,285 shares during the last quarter. Finally, Restructuring Capital Associates LP lifted its stake in Constellium by 31.3% in the 4th quarter. Restructuring Capital Associates LP now owns 974,398 shares of the industrial products company’s stock valued at $6,811,000 after purchasing an additional 232,227 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.
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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