Deutsche Bank set a $12.00 target price on Constellium (NYSE:CSTM) in a report released on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the industrial products company’s stock.
Separately, ValuEngine raised WEX from a hold rating to a buy rating in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Constellium currently has an average rating of Buy and an average price target of $13.40.
NYSE:CSTM opened at $10.33 on Thursday. The stock’s fifty day moving average price is $9.51. Constellium has a 52-week low of $6.26 and a 52-week high of $13.35. The firm has a market cap of $1.41 billion, a P/E ratio of 14.55 and a beta of 1.72.
Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. Constellium had a net margin of 4.13% and a negative return on equity of 63.65%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. On average, equities analysts predict that Constellium will post 1.04 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in shares of Constellium by 0.5% in the 4th quarter. Legal & General Group Plc now owns 395,225 shares of the industrial products company’s stock valued at $2,762,000 after purchasing an additional 2,088 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Constellium by 1.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 126,344 shares of the industrial products company’s stock valued at $1,008,000 after purchasing an additional 2,369 shares during the period. RMB Capital Management LLC increased its position in shares of Constellium by 5.3% in the 4th quarter. RMB Capital Management LLC now owns 65,683 shares of the industrial products company’s stock valued at $459,000 after buying an additional 3,283 shares in the last quarter. Citigroup Inc. increased its position in shares of Constellium by 1,297.9% in the 4th quarter. Citigroup Inc. now owns 6,542 shares of the industrial products company’s stock valued at $46,000 after buying an additional 6,074 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Constellium by 2.6% in the 4th quarter. Northern Trust Corp now owns 270,096 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 6,729 shares in the last quarter. 67.82% of the stock is currently owned by institutional investors.
Constellium Company Profile
Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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