Constellium NV (CSTM) is Downgraded by Societe Generale to Sell

Constellium NV (CSTM) was Downgraded by Societe Generale to ” Sell”. Earlier the firm had a rating of “Hold ” on the company shares. Societe Generale advised their investors in a research report released on Sep 6, 2016.

On the company’s financial health, Constellium NV reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.19. The company had revenue of $1233.00 million for the quarter, compared to analysts expectations of $1273.09 million. The company’s revenue was down -10.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.61 EPS.

Constellium NV opened for trading at $7.44 and hit $7.72 on the upside on Thursday, eventually ending the session at $7.63, with a gain of 2.01% or 0.15 points. The heightened volatility saw the trading volume jump to 16,54,866 shares. Company has a market cap of $805 M.

Constellium N.V. formerly Constellium Holdco BV is a Netherlands-based company which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace automotive and packaging. The Company offers plates sheet and coil precision casting cockpit carriers for vehicles vehicle safety components profiles as well as tubes and bars among others. Its main customers include: Airbus Boeing Embraer Audi BMW Citroen Renault Mercedes Benz Jaguar and others. The Company is active domestically and abroad including North America Europe and Asia.

Constellium NV

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Constellium NV - Is it time to Sell?

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