Constellium N.V. Ordinary Share (NYSE:CSTM):
Constellium nimmt eine neue integrierte Veredelungslinie zur Herstellung von Aluminiumblechen fÃ¼r den Automobilbau in Neuf-Brisach, Frankreich offiziell in Betrieb.
The company is now up by 0.96 percent from yesterday’s close.
Shares are trading at $5.25 barely below the 50 day moving average of $6.64 and which is marginally lower than the 200 day moving average of $5.69. The 50 day moving average went down $-1.39 or -20.92% whereas the 200 day moving average was down $-0.44 or -7.66%.
As of the last earnings report the EPS was $-4.90 and is expected to be $0.27 for the current year with 105,523,000 shares outstanding. Next quarter’s EPS is expected be $0.09 and the next full year EPS is projected to be $0.85.
Wall Street analysts have released ratings on the stock recently. Equity analyst Seaport Global started coverage with an initial rating of “Neutral”. On September 5 the company was downgraded from “Hold” to “Sell” by Societe Generale.
On May 20 the stock rating was downgraded to “Hold” from “” in an announcement from Societe Generale. March 16 investment analysts at JP Morgan held the stock rating at “Overweight” but lowered the price target from $17.00 to $12.00.
On March 11, 2016 Credit Suisse added the stock to its research portfolio giving it an initial rating of “Outperform” and a price target of $10.00. On October 5 Deutsche Bank left the company rating at “Buy” and moved down the price target to $12.00 from $14.00.