Constellium (NYSE:CSTM) Rating Increased to Strong-Buy at Wall Street Zen

Constellium (NYSE:CSTM) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wells Fargo & Company raised their target price on shares of Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Zacks Research cut shares of Constellium from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Constellium in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.00.

Constellium Stock Performance

NYSE:CSTM opened at $16.23 on Tuesday. Constellium has a twelve month low of $7.32 and a twelve month high of $18.01. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The company has a 50-day moving average of $15.23 and a 200-day moving average of $13.65. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 20.55 and a beta of 1.77.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $0.02 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts forecast that Constellium will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CSTM. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Constellium during the third quarter worth about $1,969,000. New York State Common Retirement Fund lifted its position in Constellium by 18.0% in the third quarter. New York State Common Retirement Fund now owns 45,787 shares of the industrial products company’s stock valued at $681,000 after purchasing an additional 7,000 shares during the period. Y Intercept Hong Kong Ltd lifted its position in Constellium by 55.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 163,261 shares of the industrial products company’s stock valued at $2,429,000 after purchasing an additional 57,909 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Constellium by 89.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock valued at $1,811,000 after purchasing an additional 57,337 shares during the period. Finally, Bailard Inc. grew its stake in shares of Constellium by 4.0% during the 3rd quarter. Bailard Inc. now owns 49,100 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 1,900 shares during the period. 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.