Constellium NV (NYSE:CSTM) had its price objective cut by equities research analysts at Cowen and Company from $7.00 to $6.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “market perform” rating on the industrial products company’s stock. Cowen and Company’s price objective would suggest a potential upside of 5.26% from the stock’s current price.
Several other equities research analysts have also commented on CSTM. BMO Capital Markets reiterated a “hold” rating and issued a $7.00 price objective on shares of Constellium NV in a research note on Sunday, March 12th. Societe Generale upgraded shares of Constellium NV from a “hold” rating to a “buy” rating in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $8.50.
Constellium NV (NYSE:CSTM) traded up 3.64% during mid-day trading on Wednesday, hitting $5.70. The company’s stock had a trading volume of 547,059 shares. The firm’s market cap is $601.81 million. Constellium NV has a 52-week low of $4.02 and a 52-week high of $8.85. The firm has a 50 day moving average of $6.38 and a 200-day moving average of $6.55.
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Several large investors have recently modified their holdings of the company. Bogle Investment Management L P DE bought a new stake in shares of Constellium NV during the fourth quarter valued at about $131,000. A.R.T. Advisors LLC raised its stake in shares of Constellium NV by 23.5% in the fourth quarter. A.R.T. Advisors LLC now owns 23,100 shares of the industrial products company’s stock valued at $136,000 after buying an additional 4,400 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Constellium NV by 27.5% in the fourth quarter. Gabelli Funds LLC now owns 25,500 shares of the industrial products company’s stock valued at $150,000 after buying an additional 5,500 shares during the last quarter. Pitcairn Co. raised its stake in shares of Constellium NV by 4.8% in the fourth quarter. Pitcairn Co. now owns 32,271 shares of the industrial products company’s stock valued at $191,000 after buying an additional 1,464 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Constellium NV by 5.4% in the third quarter. Wells Fargo & Company MN now owns 36,313 shares of the industrial products company’s stock valued at $261,000 after buying an additional 1,867 shares during the last quarter. Institutional investors own 64.89% of the company’s stock.
Constellium NV Company Profile
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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