Constellium (CSTM) Shares Gap Down to $7.42

Constellium NV (NYSE:CSTM) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.92, but opened at $7.42. Constellium shares last traded at $7.75, with a volume of 59335 shares.

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on Constellium from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Deutsche Bank set a $15.00 price target on Constellium and gave the company a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine upgraded Constellium from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. BMO Capital Markets dropped their price target on Constellium from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, October 26th. Finally, Societe Generale upgraded Constellium from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Constellium has a consensus rating of “Buy” and a consensus price target of $15.25.

The stock has a market cap of $817.21 million, a price-to-earnings ratio of -24.19 and a beta of 1.33.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado purchased a new position in shares of Constellium in the second quarter valued at $105,000. SG Americas Securities LLC acquired a new stake in shares of Constellium during the second quarter valued at $105,000. Bank of New York Mellon Corp acquired a new stake in shares of Constellium during the second quarter valued at $127,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Constellium during the second quarter valued at $137,000. Finally, Iberiabank Corp acquired a new stake in shares of Constellium during the third quarter valued at $193,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Constellium (CSTM) Shares Gap Down to $7.42” was first published by WKRB News and is owned by of WKRB News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.wkrb13.com/2018/11/23/constellium-cstm-shares-gap-down-to-7-42.html.

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.

Featured Article: Compound Interest

Receive News & Ratings for Constellium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply