Constellium (NYSE:CSTM) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Constellium (NYSE:CSTM) from a strong-buy rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. UBS Group cut their price target on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellium from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Barclays started coverage on Constellium in a research note on Wednesday, October 14th. They set an “equal weight” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on Constellium from $39.00 to $38.00 and set an “overweight” rating on the stock 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Constellium Trading Up 0.3%

CSTM stock opened at $25.56 on Friday. The company has a market capitalization of $3.46 billion, a PE ratio of 6.59 and a beta of 1.57. Constellium has a one year low of $14.62 and a one year high of $36.99. The company’s 50 day moving average price is $26.32 and its two-hundred day moving average price is $29.53. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43.

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, topping analysts’ consensus estimates of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was up 30.7% on a year-over-year basis. As a group, analysts predict that Constellium will post 3.79 earnings per share for the current fiscal year.

Insider Activity at Constellium

In other news, Director Jean-Christophe Deslarzes acquired 1,490 shares of the stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $27.24 per share, with a total value of $40,587.60. Following the completion of the purchase, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. The trade was a 3.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Constellium

Several large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC grew its stake in shares of Constellium by 4.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock worth $322,000 after buying an additional 409 shares during the last quarter. GAMMA Investing LLC increased its position in Constellium by 12.5% during the 3rd quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock valued at $97,000 after buying an additional 447 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in Constellium by 6.3% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,431 shares of the industrial products company’s stock valued at $216,000 after buying an additional 499 shares in the last quarter. Summit Global Investments raised its stake in Constellium by 1.7% during the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock valued at $831,000 after buying an additional 554 shares during the last quarter. Finally, Moran Wealth Management LLC raised its stake in Constellium by 6.7% during the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after buying an additional 692 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

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.