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

StockNews.com cut shares of Constellium (NYSE:CSTM) from a buy rating to a hold rating in a report published on Tuesday.

Several other equities analysts have also recently commented on CSTM. Benchmark upped their price target on Constellium from $19.00 to $24.00 in a report on Thursday, July 27th. JPMorgan Chase & Co. decreased their price objective on Constellium from $24.00 to $21.00 in a research report on Friday, July 14th. Finally, BMO Capital Markets raised their price target on Constellium from $20.00 to $22.00 and gave the stock an outperform rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $20.50.

Constellium Stock Performance

Shares of CSTM stock opened at $17.23 on Tuesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.21 and a quick ratio of 0.55. Constellium has a fifty-two week low of $9.82 and a fifty-two week high of $19.46. The stock’s 50-day moving average is $17.71 and its two-hundred day moving average is $16.14. The firm has a market cap of $2.49 billion, a P/E ratio of 11.72 and a beta of 1.89.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). Constellium had a return on equity of 28.20% and a net margin of 2.64%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.17 billion. Analysts predict that Constellium will post 1.17 earnings per share for the current fiscal year.

Institutional Trading of Constellium

Several hedge funds and other institutional investors have recently modified their holdings of CSTM. T. Rowe Price Investment Management Inc. increased its position in shares of Constellium by 3.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 14,604,987 shares of the industrial products company’s stock valued at $172,777,000 after acquiring an additional 446,722 shares during the last quarter. FMR LLC increased its holdings in shares of Constellium by 6.9% during the first quarter. FMR LLC now owns 11,934,615 shares of the industrial products company’s stock worth $182,361,000 after buying an additional 767,240 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Constellium by 2.7% during the third quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company’s stock worth $109,742,000 after buying an additional 289,631 shares in the last quarter. Jennison Associates LLC increased its holdings in Constellium by 77.1% in the second quarter. Jennison Associates LLC now owns 5,542,233 shares of the industrial products company’s stock valued at $95,326,000 after purchasing an additional 2,413,208 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Constellium by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company’s stock valued at $60,395,000 after purchasing an additional 392,614 shares during the period.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, automotive, other transportation and industrial end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.