Constellium (NYSE:CSTM) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Constellium (NYSE:CSTM) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Constellium in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Constellium currently has an average rating of “Hold” and an average target price of $19.00.

Constellium Stock Performance

NYSE CSTM opened at $15.47 on Thursday. Constellium has a 1 year low of $7.32 and a 1 year high of $16.49. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.23 and a quick ratio of 0.53. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 81.41 and a beta of 1.71. The company has a fifty day moving average price of $14.46 and a 200-day moving average price of $12.67.

Constellium (NYSE:CSTM) last posted its 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 firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. As a group, equities research analysts predict that Constellium will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Constellium by 2,485.6% during the first quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company’s stock valued at $27,000 after buying an additional 2,585 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Constellium during the first quarter valued at about $38,000. Parallel Advisors LLC grew its position in Constellium by 519.2% during the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company’s stock valued at $50,000 after buying an additional 4,143 shares during the period. US Bancorp DE grew its position in Constellium by 1,034.7% during the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock valued at $52,000 after buying an additional 4,708 shares during the period. Finally, KBC Group NV bought a new position in Constellium during the second quarter valued at about $56,000. Institutional investors own 92.59% of the company’s stock.

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.