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.
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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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