Constellium (NYSE:CSTM) Raised to “Strong-Buy” at Zacks Research

by · The Markets Daily

Constellium (NYSE:CSTM – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

A number of other brokerages have also recently weighed in on CSTM. Wells Fargo & Company upped their price objective on shares of Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a research report on Thursday, July 30th. Weiss Ratings downgraded Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Finally, UBS Group reduced their price objective on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.80.

View Our Latest Analysis on Constellium

Constellium Price Performance

CSTM opened at $27.49 on Monday. The stock has a fifty day simple moving average of $28.47 and a two-hundred day simple moving average of $29.44. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 7.09 and a beta of 1.55. Constellium has a 12-month low of $13.60 and a 12-month high of $36.99.

Constellium (NYSE:CSTM – Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 30.7% compared to the same quarter last year. Research analysts predict that Constellium will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jean-Christophe Deslarzes bought 1,490 shares of the stock in a transaction on Monday, August 3rd. The shares were acquired at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the purchase, the director owned 43,515 shares of the company’s stock, valued at approximately $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Constellium

A number of large investors have recently made changes to their positions in CSTM. California State Teachers Retirement System raised its holdings in shares of Constellium by 3,014.9% during the second quarter. California State Teachers Retirement System now owns 4,539,372 shares of the industrial products company’s stock valued at $142,434,000 after purchasing an additional 4,393,640 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Constellium by 620.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after purchasing an additional 2,780,260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Constellium by 894.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company’s stock worth $50,545,000 after purchasing an additional 1,849,554 shares during the last quarter. Millennium Management LLC boosted its holdings in Constellium by 35.4% in the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after purchasing an additional 1,813,400 shares during the last quarter. Finally, Morgan Stanley grew its position in Constellium by 48.4% in the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock worth $70,275,000 after purchasing an additional 1,216,516 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Company Profile

(Get Free Report)

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.

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