Constellium NV (CSTM) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

About shares traded. Constellium NV (NYSE:CSTM) has risen 20.46% since August 9, 2016 and is uptrending.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. Cowen and Company increased their price target on shares of Constellium N.V. from $6.00 to $8.30 and gave the stock a "market perform" rating in a report on Monday, July 31st. Prescott Group Capital Management L.L.C. purchased a new position in Constellium N.V. during the first quarter valued at $965,000. The company had a trading volume of 1,415,768 shares. With 688,400 shares average volume, it will take short sellers 1 days to cover their CSTM's short positions.

On the other hand Constellium N.V. (NYSE:CSTM) has Relative Strength Index (RSI 14) of 76.57 along with Average True Range (ATR 14) of 0.65. Analysts forecast that Constellium N.V. will post $0.61 earnings per share for the current fiscal year.

Let's have a look at some of the important valuation ratios of the Constellium N.V. (CSTM).

Additionally on 9/09/16 Seaport Global "Initiates Coverage on" Constellium N.V. (NYSE:CSTM) to Neutral and on 9/05/16 Societe Generale "Downgrades" the stock to Sell. BMO Capital Markets set a $9.00 target price on shares of Constellium N.V. and gave the stock a "hold" rating in a research report on Friday, July 28th. After a recent check, STMicroelectronics N.V.'s 14-day RSI is presently at 59.2. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. The firm's quarterly revenue was up 12.1% on a year-over-year basis. Institutional investors own 60.32% of the company's stock.

Now the shares of Constellium N.V (CSTM) has the trading volume of 8.21 Million shares with the average trading volume of 4660 shares. Finally, Parametric Portfolio Associates LLC raised its position in shares of Constellium 4.7% in the first quarter. Rubric Capital Management LP acquired a new stake in shares of Constellium N.V. during the first quarter valued at approximately $6,825,000. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company's stock valued at $106,000 after buying an additional 1,800 shares during the last quarter. (NYSE:CSTM) last announced its quarterly earnings data on Thursday, July 27th.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. For the current year the company's revenue estimates are $6.3 Billion compared to low analyst estimates of $6.16 Billion and high estimates of $6.36 Billion according to 7 number of analysts. More extreme high and low levels-80 and 20, or 90 and 10-occur less frequently but indicate stronger momentum. During the same quarter past year, the business earned $0.08 earnings per share. The analysts estimated EPS for the higher end at 0.22 and lower end at 0.14 while the year ago reported earnings per share was 0.24. The stock of Constellium NV (NYSE:CSTM) has "Outperform" rating given on Friday, March 11 by Credit Suisse. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and global trademark and copyright law. If you are reading this piece on another website, it was stolen and republished in violation of United States & worldwide copyright legislation. The Company's manufacturing facilities are located in the United States, Europe and China. It operates through three divisions: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

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