Constellium (NYSE:CSTM) received a $12.00 price target from Deutsche Bank in a report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Deutsche Bank’s price objective would suggest a potential upside of 16.17% from the company’s previous close.
Separately, ValuEngine raised WEX from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $13.40.
Get Constellium alerts: CSTM opened at $10.33 on Thursday. Constellium has a twelve month low of $6.26 and a twelve month high of $13.35. The business’s 50-day moving average price is $9.51. The company has a market capitalization of $1.40 billion, a PE ratio of 14.55 and a beta of 1.72.
Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Constellium had a negative return on equity of 63.65% and a net margin of 4.13%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company earned ($0.18) EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts expect that Constellium will post 1.04 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Constellium by 1.8% during the fourth quarter. BlackRock Inc. now owns 5,960,083 shares of the industrial products company’s stock worth $41,660,000 after acquiring an additional 102,905 shares in the last quarter. FMR LLC raised its stake in Constellium by 24.9% during the first quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock worth $33,251,000 after acquiring an additional 829,800 shares in the last quarter. Evermore Global Advisors LLC raised its stake in Constellium by 1.0% during the first quarter. Evermore Global Advisors LLC now owns 2,835,002 shares of the industrial products company’s stock worth $22,623,000 after acquiring an additional 28,800 shares in the last quarter. Boussard & Gavaudan Investment Management LLP raised its stake in Constellium by 2.4% during the first quarter. Boussard & Gavaudan Investment Management LLP now owns 2,636,664 shares of the industrial products company’s stock worth $21,265,000 after acquiring an additional 62,662 shares in the last quarter. Finally, One Tusk Investment Partners LP raised its stake in Constellium by 2.3% during the first quarter. One Tusk Investment Partners LP now owns 1,315,000 shares of the industrial products company’s stock worth $10,494,000 after acquiring an additional 30,000 shares in the last quarter. 67.82% of the stock is owned by hedge funds and other institutional investors.
Constellium Company Profile
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.
Further Reading: What is Considered a Good Return on Equity (ROE)?
