Constellium (NYSE:CSTM) Receives Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Constellium (NYSE:CSTM) in a research note released on Friday morning, Benzinga reports. The brokerage currently has a $24.00 price objective on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Constellium from $21.00 to $24.00 and gave the stock a buy rating in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. upped their price objective on Constellium from $25.00 to $28.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. Finally, UBS Group started coverage on Constellium in a research note on Tuesday, January 16th. They set a buy rating and a $27.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $25.60.

Constellium Price Performance

CSTM opened at $20.72 on Friday. Constellium has a 12-month low of $13.40 and a 12-month high of $23.20. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10. The business’s fifty day simple moving average is $20.45 and its 200-day simple moving average is $18.82. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.28 and a beta of 1.71.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.23). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. On average, equities research analysts anticipate that Constellium will post 1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSTM. Nomura Asset Management Co. Ltd. raised its stake in shares of Constellium by 35.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 700 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Constellium by 26.5% in the first quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 757 shares during the last quarter. UBS Group AG raised its stake in shares of Constellium by 138.2% in the second quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 2,622 shares during the last quarter. West Tower Group LLC raised its stake in shares of Constellium by 592.9% in the fourth quarter. West Tower Group LLC now owns 4,656 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 3,984 shares during the last quarter. Finally, Covestor Ltd purchased a new position in shares of Constellium in the first quarter worth about $110,000. 92.59% of the stock is currently 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.