Constellium (NYSE:CSTM) Price Target Lowered to $22.00 at Deutsche Bank Aktiengesellschaft

Constellium (NYSE:CSTM) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $23.00 to $22.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

CSTM has been the topic of several other research reports. BMO Capital Markets decreased their price objective on Constellium from $25.00 to $24.00 and set an outperform rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their target price on Constellium from $27.00 to $26.00 and set an overweight rating for the company in a research note on Thursday, July 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Constellium has an average rating of Buy and an average target price of $24.60.

Constellium Price Performance

Shares of CSTM opened at $15.07 on Thursday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The stock has a market cap of $2.17 billion, a PE ratio of 16.74 and a beta of 1.59. The firm has a fifty day moving average price of $16.27 and a 200 day moving average price of $18.92. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellium will post 1.6 EPS for the current year.

Institutional Investors Weigh In On Constellium

Several hedge funds have recently bought and sold shares of the business. CWM LLC increased its holdings in Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after buying an additional 676 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Constellium in the second quarter valued at about $85,000. Quarry LP increased its holdings in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after buying an additional 3,735 shares during the period. Signaturefd LLC increased its stake in Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 933 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after buying an additional 1,625 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Company Profile

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.