Constellium NV (CSTM) is Upgraded by Seaport Global Securities to Buy, Price Target at $8

Constellium NV (CSTM) was Upgraded by Seaport Global Securities to ” Buy” and the brokerage firm has set the Price Target at $8. Earlier the firm had a rating of “Neutral ” on the company shares. Seaport Global Securities advised their investors in a research report released on Nov 23, 2016.

Many Wall Street Analysts have commented on Constellium NV. Seaport Global Securities Initiated Constellium NV on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $8.Constellium NV was Downgraded by Societe Generale to ” Sell” on Sep 6, 2016.

On the company’s financial health, Constellium NV reported $0.14 EPS for the quarter, based on the information available during the earnings call on Nov 9, 2016. Analyst had a consensus estimate of $0.14. The company had revenue of $1199.00 million for the quarter, compared to analysts expectations of $1231.72 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.43 EPS.

Constellium NV closed down -0.1 points or -1.63% at $6.05 with 2,73,219 shares getting traded on Monday. Post opening the session at $6.15, the shares hit an intraday low of $6.023 and an intraday high of $6.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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