Constellium (NYSE:CSTM – Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47), Zacks reports. Constellium had a net margin of 1.47% and a return on equity of 10.83%.
Constellium Stock Up 14.6 %
Shares of CSTM opened at $10.40 on Friday. Constellium has a 12 month low of $9.04 and a 12 month high of $23.20. The firm’s 50 day moving average is $10.17 and its 200-day moving average is $12.83. The stock has a market capitalization of $1.53 billion, a PE ratio of 14.05 and a beta of 1.68. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.
Analyst Ratings Changes
A number of equities analysts have issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. BMO Capital Markets cut their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.50.
Constellium Company Profile
Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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