Constellium (NYSE:CSTM) Stock Gets Downgrade from Wall Street Zen

Constellium (NYSE:CSTM) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research firms also recently weighed in on CSTM. Barclays started coverage on Constellium in a research note on Wednesday. They issued an “equal weight” rating and a $28.00 price objective for the company. UBS Group dropped their target price on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Wells Fargo & Company decreased their price target on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellium from $39.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Constellium has an average rating of “Moderate Buy” and an average target price of $33.33.

Constellium Stock Performance

NYSE CSTM opened at $25.43 on Friday. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 6.55 and a beta of 1.57. The business’s 50 day moving average is $26.40 and its two-hundred day moving average is $29.53. 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.

Constellium (NYSE:CSTM) last posted 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 return on equity of 51.66% and a net margin of 5.69%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. Research analysts expect that Constellium will post 3.79 EPS for the current year.

Insiders Place Their Bets

In other Constellium news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of $27.24 per share, with a total value of $40,587.60. Following the purchase, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its position in Constellium by 620.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after purchasing an additional 2,780,260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Constellium by 894.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company’s stock worth $50,545,000 after purchasing an additional 1,849,554 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Constellium by 53.6% in the 1st quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock valued at $36,808,000 after purchasing an additional 522,725 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Constellium by 100.1% in the 1st quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company’s stock valued at $20,923,000 after purchasing an additional 425,871 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Constellium by 775.9% in the 1st quarter. Janus Henderson Group PLC now owns 439,301 shares of the industrial products company’s stock valued at $10,797,000 after purchasing an additional 389,147 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.