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.
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.
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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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.
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