Shares of Constellium NV (NYSE:CSTM) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.55 and last traded at $7.59, with a volume of 121057 shares changing hands. The stock had previously closed at $8.12.
Several analysts have issued reports on CSTM shares. ValuEngine raised shares of Constellium from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Societe Generale raised shares of Constellium from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, October 30th. Deutsche Bank set a $15.00 price objective on shares of Constellium and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Morgan Stanley increased their price objective on shares of Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Finally, Jefferies Financial Group set a $16.00 price objective on shares of Constellium and gave the company a “buy” rating in a research report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Constellium presently has an average rating of “Buy” and a consensus price target of $15.25.
The stock has a market capitalization of $902.73 million, a price-to-earnings ratio of -23.19 and a beta of 1.33.
Constellium Company Profile (NYSE:CSTM)
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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