Deutsche Bank Aktiengesellschaft Lowers Constellium (NYSE:CSTM) to Hold

Deutsche Bank Aktiengesellschaft lowered shares of Constellium (NYSE:CSTM) from a buy rating to a hold rating in a research note issued to investors on Thursday, Marketbeat reports. They currently have $12.00 price target on the industrial products company’s stock, down from their previous price target of $22.00.

Several other brokerages also recently issued reports on CSTM. BMO Capital Markets reduced their price target on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Stock Up 4.6 %

Shares of NYSE:CSTM opened at $11.35 on Thursday. The company’s fifty day moving average is $15.62 and its 200-day moving average is $18.10. The company has a market capitalization of $1.64 billion, a PE ratio of 12.61 and a beta of 1.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. Constellium has a 52 week low of $10.49 and a 52 week high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. Equities research analysts predict that Constellium will post 1.54 earnings per share for the current fiscal year.

Institutional Trading of Constellium

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. CWM LLC increased its stake in shares of Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 676 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,753 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Constellium in the 2nd quarter valued at about $85,000. Quarry LP increased its stake in shares of 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 acquiring an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Constellium by 16.0% in the 2nd 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 last quarter. 92.59% of the stock is owned by institutional investors.

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.