The Analysts Set Constellium NV (CSTM) Price Target at $8.50

The Analysts Set Constellium NV (CSTM) Price Target at $8.50

Shares of Constellium NV (NYSE:CSTM) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.50.

CSTM has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated a “buy” rating and issued a $13.00 price target on shares of Constellium NV in a report on Wednesday, August 3rd. Seaport Global Securities initiated coverage on Constellium NV in a report on Friday, September 9th. They issued a “neutral” rating and a $8.00 price target for the company. Societe Generale downgraded Constellium NV from a “hold” rating to a “sell” rating in a report on Monday, September 5th. Zacks Investment Research downgraded Constellium NV from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Constellium NV in a report on Sunday, August 28th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp boosted its position in shares of Constellium NV by 1.1% in the second quarter. Stifel Financial Corp now owns 27,000 shares of the company’s stock valued at $127,000 after buying an additional 300 shares during the period. UBS Group AG boosted its position in shares of Constellium NV by 0.8% in the first quarter. UBS Group AG now owns 119,530 shares of the company’s stock valued at $621,000 after buying an additional 914 shares during the period. Pitcairn Co. boosted its position in shares of Constellium NV by 5.2% in the second quarter. Pitcairn Co. now owns 30,047 shares of the company’s stock valued at $141,000 after buying an additional 1,493 shares during the period. State Street Corp boosted its position in shares of Constellium NV by 5.9% in the first quarter. State Street Corp now owns 75,908 shares of the company’s stock valued at $394,000 after buying an additional 4,221 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Constellium NV by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 179,527 shares of the company’s stock valued at $932,000 after buying an additional 5,240 shares during the period. 68.03% of the stock is owned by hedge funds and other institutional investors.

Shares of Constellium NV (NYSE:CSTM) opened at 6.58 on Monday. Constellium NV has a 12 month low of $3.38 and a 12 month high of $9.94. The firm’s market capitalization is $694.34 million. The firm’s 50-day moving average price is $7.00 and its 200-day moving average price is $5.62.

Constellium NV (NYSE:CSTM) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.11. The business earned $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned ($0.61) EPS. Constellium NV’s quarterly revenue was down 10.3% on a year-over-year basis. On average, equities analysts anticipate that Constellium NV will post $0.27 earnings per share for the current year.

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