November 23, 2016 - By Clifton Ray
Seaport Global upped the shares of Constellium NV (NYSE:CSTM) from a “Neutral” rating to “Buy” rating in a a research report released on Wednesday morning. The company currently has $8.00 target price on the stock.
Out of 11 analysts covering Constellium NV (NYSE:CSTM), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. $19 is the highest target while $7 is the lowest. The $11.67 average target is 78.17% above today’s ($6.55) stock price. Constellium NV has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Cowen & Co on Monday, September 21. Sterne Agee CRT maintained the stock with “Buy” rating in Friday, October 2 report. The firm has “Neutral” rating by Seaport Global given on Friday, September 9. JP Morgan maintained Constellium NV (NYSE:CSTM) rating on Wednesday, March 16. JP Morgan has “Overweight” rating and $12 price target. Citigroup maintained the shares of CSTM in a report on Monday, October 5 with “Neutral” rating. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 6. Societe Generale downgraded the stock to “Hold” rating in Friday, May 20 report. Deutsche Bank maintained the shares of CSTM in a report on Monday, October 5 with “Buy” rating. Credit Suisse initiated the shares of CSTM in a report on Friday, March 11 with “Outperform” rating.
About 937,478 shares traded hands or 22.66% up from the average. Constellium NV (NYSE:CSTM) has risen 7.27% since April 21, 2016 and is uptrending. It has outperformed by 1.94% the S&P500.
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands company, which is engaged in the manufacture of aluminum products and solutions. The company has a market cap of $685.01 million. The Firm is a supplier of such sectors as: aerospace, automotive and packaging. It currently has negative earnings. The Firm offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles, as well as tubes and bars, among others.
According to Zacks Investment Research, “Constellium N.V. is involved in the development of aluminium products and solutions for aerospace, automotive, packaging and industry. The company offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles as well as tubes and bars. Constellium N.V. is headquartered in rue Washington, France.”
More recent Constellium NV (NYSE:CSTM) news were published by: Moodys.com which released: “Moody’s downgrades Constellium CFR to B3; negative outlook” on December 18, 2015. Also Moodys.com published the news titled: “Moody’s assigns (P)B2 rating to senior secured notes and downgrades unsecured …” on March 16, 2016. Streetinsider.com‘s news article titled: “Constellium N.V. (CSTM) CFO Didier Fontaine to Pursue Another Opportunity” with publication date: August 31, 2016 was also an interesting one.
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By Clifton Ray