Constellium (CSTM) Trading 5.8% Higher

Constellium N.V. (NYSE:CSTM) shares traded up 5.8% during mid-day trading on Wednesday . The stock traded as high as $11.00 and last traded at $10.95. 2,463,095 shares were traded during mid-day trading, an increase of 94% from the average session volume of 1,272,623 shares. The stock had previously closed at $10.35.

Several research analysts have issued reports on the company. Cowen set a $13.00 target price on Constellium and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Morgan Stanley raised Constellium from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 16th. BidaskClub downgraded Constellium from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine downgraded Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets set a $13.00 price objective on Constellium and gave the stock a “hold” rating in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $11.67.

The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of -4.43. The firm has a market cap of $1,480.00, a P/E ratio of 31.09 and a beta of 0.67.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Constellium had a negative return on equity of 5.81% and a net margin of 0.61%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts forecast that Constellium N.V. will post 0.59 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in Constellium by 3.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,435 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 3,695 shares during the period. Parametric Portfolio Associates LLC raised its stake in Constellium by 2.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 180,235 shares of the industrial products company’s stock valued at $1,244,000 after purchasing an additional 4,275 shares during the period. Alliancebernstein L.P. raised its stake in Constellium by 6.9% during the 2nd quarter. Alliancebernstein L.P. now owns 77,508 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 5,000 shares during the period. Renaissance Group LLC raised its stake in Constellium by 10.9% during the 2nd quarter. Renaissance Group LLC now owns 56,809 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 5,573 shares during the period. Finally, Quantum Capital Management raised its stake in Constellium by 37.7% during the 2nd quarter. Quantum Capital Management now owns 23,080 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 6,324 shares during the period. 56.75% of the stock is currently owned by hedge funds and other 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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