Constellium’s (CSTM) “Buy” Rating Reaffirmed at Northland Securities

Northland Securities reiterated their buy rating on shares of Constellium (NYSE:CSTM) in a report released on Friday, Stock Target Advisor reports. Northland Securities currently has a $20.00 price objective on the industrial products company’s stock.

Separately, Benchmark started coverage on Constellium in a research note on Thursday, January 16th. They issued a buy rating and a $17.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $18.00.

NYSE:CSTM opened at $13.39 on Friday. The stock’s 50-day simple moving average is $12.79 and its 200 day simple moving average is $13.14. The firm has a market capitalization of $1.87 billion and a PE ratio of 27.33. Constellium has a twelve month low of $7.92 and a twelve month high of $15.10.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Constellium had a negative return on equity of 54.42% and a net margin of 1.04%. Constellium’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.43) earnings per share. As a group, sell-side analysts anticipate that Constellium will post 1.16 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its stake in Constellium by 25.4% in the fourth quarter. Janus Henderson Group PLC now owns 6,581,943 shares of the industrial products company’s stock valued at $88,198,000 after buying an additional 1,332,867 shares in the last quarter. FMR LLC boosted its stake in Constellium by 24.9% in the first quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock valued at $33,251,000 after buying an additional 829,800 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Constellium by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,916,528 shares of the industrial products company’s stock valued at $52,481,000 after buying an additional 30,847 shares in the last quarter. Boussard & Gavaudan Investment Management LLP boosted its stake in Constellium by 2.1% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 3,396,034 shares of the industrial products company’s stock valued at $45,880,000 after buying an additional 69,259 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in Constellium by 20.6% in the fourth quarter. Driehaus Capital Management LLC now owns 2,417,926 shares of the industrial products company’s stock valued at $32,400,000 after buying an additional 412,501 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors and hedge funds.

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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