Constellium NV (NYSE:CSTM) had its price objective dropped by equities researchers at Cowen and Company from $7.00 to $6.00 in a report released on Wednesday. The brokerage currently has a “market perform” rating on the industrial products company’s stock. Cowen and Company’s price objective suggests a potential upside of 5.26% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Societe Generale raised shares of Constellium NV from a “hold” rating to a “buy” rating in a report on Monday, March 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price objective on shares of Constellium NV in a report on Sunday, March 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Constellium NV currently has a consensus rating of “Buy” and an average target price of $8.50.
Constellium NV (NYSE:CSTM) opened at 5.70 on Wednesday. Constellium NV has a 52 week low of $4.02 and a 52 week high of $8.85. The company’s 50-day moving average is $6.31 and its 200 day moving average is $6.55. The stock’s market cap is $601.81 million.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bogle Investment Management L P DE acquired a new position in Constellium NV during the fourth quarter worth $131,000. A.R.T. Advisors LLC raised its position in Constellium NV by 23.5% in the fourth quarter. A.R.T. Advisors LLC now owns 23,100 shares of the industrial products company’s stock worth $136,000 after buying an additional 4,400 shares during the period. Gabelli Funds LLC raised its position in Constellium NV by 27.5% in the fourth quarter. Gabelli Funds LLC now owns 25,500 shares of the industrial products company’s stock worth $150,000 after buying an additional 5,500 shares during the period. Pitcairn Co. raised its position in Constellium NV by 4.8% in the fourth quarter. Pitcairn Co. now owns 32,271 shares of the industrial products company’s stock worth $191,000 after buying an additional 1,464 shares during the period. Finally, Wells Fargo & Company MN raised its position in Constellium NV by 5.4% in the third quarter. Wells Fargo & Company MN now owns 36,313 shares of the industrial products company’s stock worth $261,000 after buying an additional 1,867 shares during the period. 64.89% of the stock is owned by hedge funds and other institutional investors.
Constellium NV 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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