Constellium (NYSE:CSTM) Receives “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of Constellium (NYSE:CSTM) in a research report released on Friday, Benzinga reports. They currently have a $24.00 target price on the industrial products company’s stock.

A number of other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Constellium from $21.00 to $24.00 and gave the stock a buy rating in a research note on Tuesday, January 23rd. UBS Group began coverage on shares of 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. lifted their price target on shares of Constellium from $25.00 to $28.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Constellium presently has an average rating of Buy and a consensus price target of $25.60.

Constellium Stock Up 2.0 %

Shares of CSTM opened at $21.13 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of 22.72 and a beta of 1.71. Constellium has a 12-month low of $13.40 and a 12-month high of $23.20. The company’s 50-day moving average price is $20.49 and its 200 day moving average price is $18.87. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.23). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. On average, sell-side analysts forecast that Constellium will post 1.9 earnings per share for the current year.

Institutional Trading of Constellium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new stake in Constellium during the fourth quarter worth approximately $2,024,000. FMR LLC increased its holdings in shares of Constellium by 1.7% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $267,212,000 after acquiring an additional 251,829 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Constellium by 84.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock valued at $51,860,000 after acquiring an additional 1,192,105 shares during the period. Jump Financial LLC increased its holdings in shares of Constellium by 155.7% in the 3rd quarter. Jump Financial LLC now owns 93,110 shares of the industrial products company’s stock valued at $1,695,000 after acquiring an additional 56,701 shares during the period. Finally, Highland Peak Capital LLC increased its holdings in shares of Constellium by 28.4% in the 3rd quarter. Highland Peak Capital LLC now owns 1,606,024 shares of the industrial products company’s stock valued at $29,230,000 after acquiring an additional 355,375 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.