Zacks Research Upgrades Constellium (NYSE:CSTM) to Strong-Buy

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

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

Constellium Stock Performance

Shares of CSTM stock opened at $27.49 on Monday. The business’s fifty day simple moving average is $28.47 and its 200-day simple moving average is $29.44. Constellium has a 12-month low of $13.60 and a 12-month high of $36.99. The company has a market cap of $3.73 billion, a PE ratio of 7.09 and a beta of 1.55. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The business’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. Analysts expect that Constellium will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jean-Christophe Deslarzes bought 1,490 shares of the stock in a transaction dated 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 purchase, the director directly owned 43,515 shares in the company, valued at $1,185,348.60. The trade was a 3.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Constellium

Institutional investors and hedge funds have recently modified their holdings of the business. Orion Capital Management LLC purchased a new position in Constellium during the second quarter worth approximately $32,000. POM Investment Strategies LLC acquired a new stake in Constellium in the second quarter valued at approximately $32,000. Allworth Financial LP grew its holdings in Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares during the period. USA Financial Formulas increased its position in shares of Constellium by 94.9% in the first quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock valued at $55,000 after buying an additional 1,097 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Constellium by 34.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after buying an additional 803 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

About Constellium

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.