Constellium (CSTM) Trading Down 3.9%

Constellium NV (NYSE:CSTM) shares fell 3.9% during mid-day trading on Friday . The stock traded as low as $11.30 and last traded at $10.95. 1,348,678 shares were traded during mid-day trading, a decline of 8% from the average session volume of 1,473,333 shares. The stock had previously closed at $11.40.

Several research firms have issued reports on CSTM. Morgan Stanley set a $15.00 price objective on Constellium and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Cowen set a $20.00 price objective on Constellium and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Goldman Sachs began coverage on Constellium in a research report on Tuesday, March 20th. They issued a “buy” rating and a $16.00 price objective for the company. Societe Generale cut Constellium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, ValuEngine upgraded Constellium from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.60.

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The company has a debt-to-equity ratio of -6.34, a quick ratio of 0.68 and a current ratio of 1.26. The company has a market cap of $1,203.64, a price-to-earnings ratio of -44.38 and a beta of 0.86.

Constellium (NYSE:CSTM) last posted its earnings results on Thursday, February 22nd. The industrial products company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.87). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Constellium had a negative net margin of 0.66% and a negative return on equity of 5.81%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company posted ($0.19) EPS. analysts expect that Constellium NV will post 1.1 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Essex Investment Management Co. LLC acquired a new stake in Constellium in the fourth quarter valued at $115,000. Bank of New York Mellon Corp acquired a new stake in Constellium in the fourth quarter valued at $147,000. Jane Street Group LLC acquired a new stake in Constellium in the third quarter valued at $187,000. Macquarie Group Ltd. acquired a new stake in Constellium in the third quarter valued at $227,000. Finally, Capital Fund Management S.A. acquired a new stake in Constellium in the fourth quarter valued at $442,000. 80.66% of the stock is currently owned by institutional investors.

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Constellium Company Profile

Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

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