Constellium (NYSE:CSTM) had its price objective increased by equities research analysts at Morgan Stanley from $13.00 to $14.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Morgan Stanley’s target price would indicate a potential upside of 16.67% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Cowen set a $20.00 price objective on shares of Constellium and gave the stock a “buy” rating in a report on Tuesday, February 6th. BidaskClub cut shares of Constellium from a “buy” rating to a “hold” rating in a report on Friday, November 10th. ValuEngine cut shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets set a $13.00 target price on shares of Constellium and gave the company a “hold” rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Constellium currently has an average rating of “Buy” and an average target price of $14.00.

Shares of Constellium (NYSE:CSTM) traded down $0.30 during trading on Tuesday, reaching $12.00. 2,090,000 shares of the company were exchanged, compared to its average volume of 1,520,000. Constellium has a one year low of $5.35 and a one year high of $14.10. 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 stock has a market capitalization of $1,610.00, a P/E ratio of 36.36 and a beta of 0.78.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Constellium had a net margin of 0.61% and a negative return on equity of 5.81%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. analysts predict that Constellium will post 0.57 EPS for the current year.

Several institutional investors have recently made changes to their positions in CSTM. JPMorgan Chase & Co. increased its holdings in shares of Constellium by 249.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 298,250 shares of the industrial products company’s stock valued at $2,058,000 after acquiring an additional 212,921 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Constellium by 234.1% in the 2nd quarter. Wells Fargo & Company MN now owns 423,259 shares of the industrial products company’s stock valued at $2,921,000 after acquiring an additional 296,572 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Constellium by 6.9% in the 2nd quarter. Alliancebernstein L.P. now owns 77,508 shares of the industrial products company’s stock valued at $535,000 after acquiring an additional 5,000 shares during the period. California Public Employees Retirement System increased its stake in Constellium by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 722,400 shares of the industrial products company’s stock valued at $4,985,000 after buying an additional 15,700 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Constellium by 2.4% in 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 buying an additional 4,275 shares during the period. 57.44% of the stock is currently owned by institutional investors and hedge funds.

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About Constellium

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.

Analyst Recommendations for Constellium (NYSE:CSTM)

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