Constellium (NYSE:CSTM) Stock Moved Up to Hold by Barclays

Barclays upgraded shares of Constellium (NYSE:CSTM) to a hold rating in a report issued on Wednesday,Zacks reports.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. UBS Group dropped their price objective on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Finally, Wells Fargo & Company cut their price objective on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Constellium Stock Down 1.8%

NYSE CSTM opened at $25.30 on Wednesday. The business has a fifty day moving average price of $26.54 and a 200 day moving average price of $29.49. Constellium has a one year low of $14.62 and a one year high of $36.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43. The company has a market cap of $3.43 billion, a P/E ratio of 6.52 and a beta of 1.57.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. Research analysts anticipate that Constellium will post 3.79 EPS for the current fiscal year.

Insider Activity

In related news, Director Jean-Christophe Deslarzes purchased 1,490 shares of Constellium stock in a transaction dated 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 acquisition, the director directly owned 43,515 shares in the company, valued at approximately $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Constellium

Hedge funds have recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Constellium during the 2nd quarter worth $32,000. POM Investment Strategies LLC acquired a new stake in shares of Constellium during the 2nd quarter worth about $32,000. USA Financial Formulas increased its position in shares of Constellium by 94.9% during the 1st quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,097 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Constellium by 12.5% during the 3rd quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 447 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Constellium by 80.6% in the 2nd quarter. IFP Advisors Inc now owns 5,837 shares of the industrial products company’s stock valued at $186,000 after buying an additional 2,605 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

About Constellium

Constellium SE (NYSE: CSTM) is a global manufacturer of advanced aluminum products and solutions. The company develops, engineers and produces aluminum rolled, extruded and shaped products for customers in the aerospace, automotive, packaging and industrial markets.

Its products include aluminum sheets, plates, coils, extrusions, structural components and automotive body systems. Constellium also supplies aluminum products used in beverage cans, bottles and other packaging applications, as well as components for aircraft structures, automotive vehicles, commercial transportation and industrial equipment.

Constellium serves customers through manufacturing and research operations across Europe, North America and Asia.