Constellium (NYSE:CSTM) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Constellium (NYSE:CSTM – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Constellium in a research note on Wednesday, October 8th. Wells Fargo & Company upped their price target on Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Zacks Research lowered shares of Constellium from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.00.

Get Our Latest Research Report on CSTM

Constellium Trading Down 1.6%

Shares of CSTM stock opened at $15.68 on Tuesday. The firm has a fifty day moving average price of $15.27 and a 200-day moving average price of $13.72. Constellium has a 1 year low of $7.32 and a 1 year high of $18.01. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 19.85 and a beta of 1.77.

Constellium (NYSE:CSTM – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.79 billion. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS. As a group, equities analysts predict that Constellium will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Constellium by 2,485.6% in the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 2,585 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Constellium in the first quarter worth $38,000. KBC Group NV bought a new stake in shares of Constellium in the 2nd quarter worth about $56,000. US Bancorp DE lifted its holdings in shares of Constellium by 1,034.7% in the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 4,708 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Constellium by 20.3% in the 1st quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 1,013 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

About Constellium

(Get Free Report)

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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