Constellium (CSTM) Now Covered by Analysts at Goldman Sachs

Investment analysts at Goldman Sachs initiated coverage on shares of Constellium (NYSE:CSTM) in a research note issued on Tuesday. The firm set a “buy” rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. ValuEngine upgraded Constellium from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley boosted their price objective on Constellium from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Cowen set a $20.00 price objective on Constellium and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Societe Generale lowered Constellium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Constellium currently has an average rating of “Hold” and an average price target of $14.25.

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Constellium (NYSE:CSTM) opened at $11.80 on Tuesday. The company has a market capitalization of $1,256.43, a P/E ratio of -49.17 and a beta of 0.86. The company has a debt-to-equity ratio of -6.34, a current ratio of 1.26 and a quick ratio of 0.68. Constellium has a 12-month low of $5.35 and a 12-month high of $14.10.

Constellium (NYSE:CSTM) last issued its earnings results on Thursday, February 22nd. The industrial products company reported ($0.77) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.87). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Constellium had a negative return on equity of 5.81% and a negative net margin of 0.66%. Constellium’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) EPS. research analysts expect that Constellium will post 1.1 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC bought a new stake in Constellium during the 4th quarter valued at $115,000. Bank of New York Mellon Corp bought a new stake in Constellium during the 4th quarter valued at $147,000. Jane Street Group LLC bought a new stake in Constellium during the 3rd quarter valued at $187,000. Macquarie Group Ltd. bought a new stake in Constellium during the 3rd quarter valued at $227,000. Finally, Capital Fund Management S.A. bought a new stake in Constellium during the 4th quarter valued at $442,000. Institutional investors and hedge funds own 80.66% of the company’s stock.

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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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