Constellium (NYSE:CSTM) Lowered to “Hold” at StockNews.com

Constellium (NYSE:CSTM) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other research firms have also recently issued reports on CSTM. JPMorgan Chase & Co. decreased their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and decreased their price target for the stock from $22.00 to $12.00 in a research note on Thursday. Finally, BMO Capital Markets dropped their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Constellium Trading Up 1.1 %

Shares of NYSE CSTM traded up $0.12 during midday trading on Thursday, reaching $10.85. 5,280,127 shares of the stock were exchanged, compared to its average volume of 1,055,773. The stock has a 50 day moving average price of $15.71 and a 200-day moving average price of $18.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $1.57 billion, a P/E ratio of 12.06 and a beta of 1.59. Constellium has a 52-week low of $10.49 and a 52-week high of $23.20.

Constellium (NYSE:CSTM) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. Constellium’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Equities research analysts expect that Constellium will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings 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 worth $28,000 after purchasing an additional 676 shares during the period. SummerHaven Investment Management LLC raised its holdings in Constellium by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock valued at $794,000 after buying an additional 698 shares during the period. Signaturefd LLC lifted its position in Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after buying an additional 933 shares in the last quarter. Highland Capital Management LLC grew its stake in Constellium by 10.1% during the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after buying an additional 1,233 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,625 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.