What Next for Constellium N.V (CSTM) Stock After Reaching 52-Week High?

January 13, 2018 - By Clifton Ray

The stock of Constellium N.V (NYSE:CSTM) hit a new 52-week high and has $13.21 target or 7.00 % above today’s $12.35 share price. The 7 months bullish chart indicates low risk for the $1.66 billion company. The 1-year high was reported on Jan, 13 by Barchart.com. If the $13.21 price target is reached, the company will be worth $116.27 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.40% or $0.05 during the last trading session, reaching $12.35. About 1.16M shares traded. Constellium N.V (NYSE:CSTM) has risen 20.46% since January 13, 2017 and is uptrending. It has outperformed by 3.76% the S&P500.

Analysts await Constellium N.V (NYSE:CSTM) to report earnings on March, 8. They expect $0.13 EPS, up 161.90 % or $0.34 from last year’s $-0.21 per share. CSTM’s profit will be $17.48M for 23.75 P/E if the $0.13 EPS becomes a reality. After $0.24 actual EPS reported by Constellium N.V for the previous quarter, Wall Street now forecasts -45.83 % negative EPS growth.

Constellium N.V (NYSE:CSTM) Ratings Coverage

Among 12 analysts covering Constellium NV (NYSE:CSTM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Constellium NV had 20 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Neutral” rating in Monday, October 5 report. The company was maintained on Friday, October 2 by Sterne Agee CRT. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 6. The firm has “Buy” rating by Deutsche Bank given on Monday, October 5. The stock of Constellium N.V (NYSE:CSTM) has “Buy” rating given on Wednesday, November 23 by Seaport Global. BMO Capital Markets maintained it with “Market Perform” rating and $9 target in Friday, July 28 report. The firm earned “Hold” rating on Thursday, July 27 by Cowen & Co. The rating was maintained by JP Morgan with “Overweight” on Wednesday, March 16. The firm has “Hold” rating given on Friday, July 28 by Seaport Global. The company was upgraded on Monday, November 27 by Cowen & Co.

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company has market cap of $1.66 billion. The firm operates in three divisions: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. It has a 37.09 P/E ratio. The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, and foil stock for the flexible packaging market.

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