Constellium’s (CSTM) Buy Rating Reiterated at Benchmark

Constellium (NYSE:CSTM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports. They presently have a $24.00 price target on the industrial products company’s stock. Benchmark’s price target would indicate a potential upside of 15.22% from the stock’s current price.

Several other analysts have also recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft boosted their price objective on Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. UBS Group initiated coverage on Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Constellium from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $25.60.

Constellium Trading Up 1.1 %

NYSE:CSTM traded up $0.22 on Friday, hitting $20.83. 247,908 shares of the stock were exchanged, compared to its average volume of 698,982. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 22.38 and a beta of 1.71. Constellium has a 52 week low of $13.40 and a 52 week high of $23.20. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. The company’s 50-day moving average price is $20.41 and its 200 day moving average price is $18.80.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.23). The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. On average, equities research analysts forecast that Constellium will post 1.9 earnings per share for the current year.

Institutional Trading of Constellium

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its position in shares of Constellium by 35.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 700 shares during the period. Advisor Group Holdings Inc. grew its position in shares of Constellium by 26.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 757 shares during the period. UBS Group AG grew its position in shares of Constellium by 138.2% in the 2nd quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 2,622 shares during the period. West Tower Group LLC grew its position in shares of Constellium by 592.9% in the 4th quarter. West Tower Group LLC now owns 4,656 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 3,984 shares during the period. Finally, Covestor Ltd acquired a new position in shares of Constellium in the 1st quarter valued at approximately $110,000. 92.59% of the stock is owned by institutional investors.

About Constellium

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.