Deutsche Bank restated their buy rating on shares of Constellium (NYSE:CSTM) in a report released on Wednesday, TipRanks reports.
Separately, ValuEngine upgraded shares of Constellium from a strong sell rating to a sell rating in a report on Thursday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $14.00.
CSTM stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.11. 45,550 shares of the company were exchanged, compared to its average volume of 745,323. The firm has a market cap of $1.29 billion, a P/E ratio of 14.24 and a beta of 1.62. Constellium has a twelve month low of $6.26 and a twelve month high of $13.35.
Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Constellium by 24.9% during the 1st quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock worth $33,251,000 after buying an additional 829,800 shares during the period. Marshall Wace North America L.P. boosted its stake in Constellium by 50.2% in the 1st quarter. Marshall Wace North America L.P. now owns 887,034 shares of the industrial products company’s stock worth $7,076,000 after purchasing an additional 296,345 shares during the period. Overbrook Management Corp boosted its stake in Constellium by 16.8% in the 1st quarter. Overbrook Management Corp now owns 347,366 shares of the industrial products company’s stock worth $2,772,000 after purchasing an additional 50,033 shares during the period. Jennison Associates LLC boosted its stake in Constellium by 26.0% in the 1st quarter. Jennison Associates LLC now owns 1,150,603 shares of the industrial products company’s stock worth $9,182,000 after purchasing an additional 237,285 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new position in Constellium in the 1st quarter worth about $235,000. Institutional investors and hedge funds own 67.82% of the company’s stock.
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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