Constellium (NYSE:CSTM) Rating Lowered to “Hold” at Zacks Research

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

CSTM has been the subject of several other reports. Wells Fargo & Company reduced their price target on Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Constellium in a research note on Thursday, July 30th. UBS Group reduced their target price on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Constellium in a research report on Monday, September 28th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Constellium has a consensus rating of “Moderate Buy” and an average price target of $35.60.

Constellium Stock Down 0.4%

CSTM opened at $25.40 on Tuesday. Constellium has a 12 month low of $14.39 and a 12 month high of $36.99. The company has a market cap of $3.44 billion, a PE ratio of 6.55 and a beta of 1.57. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The company has a 50 day moving average of $26.86 and a 200 day moving average of $29.44.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The business had revenue of $2.75 billion for 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 revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, sell-side analysts expect that Constellium will post 3.7 EPS for the current year.

Insider Activity

In other news, Director Jean-Christophe Deslarzes acquired 1,490 shares of Constellium stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $27.24 per share, for a total transaction of $40,587.60. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Trading of Constellium

A number of hedge funds have recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new stake in Constellium during the second quarter valued at about $3,116,000. Lazard Asset Management LLC purchased a new position in shares of Constellium in the first quarter worth about $2,141,000. Globeflex Capital L P purchased a new position in shares of Constellium in the second quarter worth about $1,022,000. SG Americas Securities LLC lifted its stake in shares of Constellium by 53.6% in the 1st quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock valued at $36,808,000 after acquiring an additional 522,725 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Constellium in the 2nd quarter valued at about $5,582,000. 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.