Constellium N.V. Ordinary Share (NYSE:CSTM):
Constellium awarded contract with TARDEC, the US Army Tank Automotive Research Development and Engineering Center.
The company is now up from yesterday’s close of $7.06.
Shares last traded at $7.16 just above $6.59, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $5.48. The 50 day moving average was up by +8.59% and the 200 day average moved up $1.68.
As of the last earnings report the EPS was $-5.02 and is expected to be $0.27 for the current year with 105,523,000 shares presently outstanding. Next quarter’s EPS is expected be $0.09 and the next full year EPS is projected to be $0.88.
Several investment firms have issued ratings on Constellium N.V. Ordinary Share of late. Seaport Global added the stock to its research portfolio giving it an initial rating of “Neutral”. On September 5, 2016 the stock rating was rated “Sell” in a report from Societe Generale down from the previous “Hold” rating.
On May 20 the company was downgraded to “Hold” from “” by analysts at Societe Generale. March 16 investment analysts at JP Morgan made no change to the company rating of “Overweight” and moved down the price target to $12.00 from $17.00.
On March 11 analysts at Credit Suisse started covering the stock with an initial rating of “Outperform” and a price target of $10.00. On October 5 Deutsche Bank held the stock rating at “Buy” but lowered the price target from $14.00 to $12.00.