Constellium (NYSE:CSTM) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Constellium (NYSE:CSTM) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Wells Fargo & Company raised their price objective on shares of Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. UBS Group dropped their target price on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.80.

Constellium Trading Up 1.3%

Shares of CSTM stock opened at $27.49 on Monday. The company has a market cap of $3.73 billion, a PE ratio of 7.09 and a beta of 1.55. Constellium has a 1 year low of $13.60 and a 1 year high of $36.99. The stock’s 50 day simple moving average is $28.47 and its two-hundred day simple moving average is $29.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue for the quarter 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 year.

Insiders Place Their Bets

In other news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of $27.24 per share, with a total value of $40,587.60. Following the completion of the acquisition, the director owned 43,515 shares of the company’s stock, valued at $1,185,348.60. This trade represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSTM. WINTON GROUP Ltd purchased a new stake in shares of Constellium during the second quarter worth about $478,000. Integrated Wealth Concepts LLC increased its stake in Constellium by 4.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 409 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Constellium by 12,857.7% in the second quarter. NewEdge Advisors LLC now owns 38,873 shares of the industrial products company’s stock worth $1,239,000 after buying an additional 38,573 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Constellium by 80.6% during the second quarter. IFP Advisors Inc now owns 5,837 shares of the industrial products company’s stock worth $186,000 after buying an additional 2,605 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of Constellium by 10.8% during the second quarter. Squarepoint Ops LLC now owns 121,524 shares of the industrial products company’s stock valued at $3,873,000 after buying an additional 11,818 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Company Profile

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.