Constellium (NYSE:CSTM) Stock Rating Raised to Hold at Barclays

Constellium (NYSE:CSTM) was upgraded by research analysts at Barclays to a “hold” rating in a report issued on Wednesday, Zacks reports.

CSTM has been the subject of several other research reports. Wells Fargo & Company decreased their price objective on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Zacks Research cut Constellium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut their target price on Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. Finally, UBS Group decreased their price target on Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Constellium has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Constellium Price Performance

Constellium stock opened at $25.30 on Wednesday. Constellium has a 12-month low of $14.62 and a 12-month high of $36.99. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average price of $26.54 and a 200-day moving average price of $29.49. The firm has a market capitalization of $3.43 billion, a PE ratio of 6.52 and a beta of 1.57.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s revenue was up 30.7% compared to the same quarter last year. As a group, equities research analysts forecast that Constellium will post 3.79 EPS for the current year.

Insider Activity at Constellium

In related news, Director Jean-Christophe Deslarzes purchased 1,490 shares of Constellium stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of $27.24 per share, with a total value of $40,587.60. Following the purchase, the director directly owned 43,515 shares of the company’s stock, valued at approximately $1,185,348.60. This represents a 3.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Constellium

A number of hedge funds have recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new position in Constellium during the 2nd quarter worth about $32,000. POM Investment Strategies LLC bought a new stake in shares of Constellium in the 2nd quarter valued at about $32,000. USA Financial Formulas raised its holdings in shares of Constellium by 94.9% in the 1st quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,097 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Constellium by 12.5% in the 3rd quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 447 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Constellium by 80.6% in the 2nd quarter. IFP Advisors Inc now owns 5,837 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 2,605 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Company Profile

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.