Constellium (NYSE:CSTM) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Constellium (NYSE:CSTM) from a hold rating to a buy rating in a research report released on Sunday.

CSTM has been the subject of several other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Constellium in a research report on Wednesday, October 8th. Zacks Research lowered shares of Constellium from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company assumed coverage on shares of Constellium in a research report on Wednesday, October 8th. They issued an “equal weight” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.33.

Constellium Stock Performance

NYSE CSTM opened at $15.26 on Friday. Constellium has a twelve month low of $7.32 and a twelve month high of $16.49. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.47. The stock has a market cap of $2.13 billion, a P/E ratio of 80.32 and a beta of 1.71. The company’s 50-day simple moving average is $14.76 and its 200 day simple moving average is $13.00.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Constellium had a return on equity of 3.43% and a net margin of 0.37%.The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. As a group, research analysts forecast that Constellium will post 1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. Westwood Holdings Group Inc. raised its stake in shares of Constellium by 12.2% in the first quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company’s stock worth $65,773,000 after acquiring an additional 708,412 shares during the last quarter. Encompass Capital Advisors LLC raised its stake in shares of Constellium by 59.7% in the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after acquiring an additional 2,005,216 shares during the last quarter. Millennium Management LLC raised its stake in shares of Constellium by 65.8% in the first quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company’s stock worth $41,525,000 after acquiring an additional 1,633,561 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Constellium by 139.7% in the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock worth $28,879,000 after acquiring an additional 1,265,401 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Constellium in the first quarter worth about $19,630,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.