Constellium (NYSE:CSTM) Stock Moved Down to Buy by Wall Street Zen

Wall Street Zen lowered shares of Constellium (NYSE:CSTM) from a strong-buy rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

Several other brokerages have also commented on CSTM. Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Wells Fargo & Company dropped their price target on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Barclays initiated coverage on Constellium in a report on Wednesday. They issued an “equal weight” rating and a $28.00 target price on the stock. UBS Group decreased their target price on Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.33.

Constellium Stock Down 0.1%

CSTM stock opened at $25.43 on Friday. The firm’s fifty day moving average is $26.40 and its 200 day moving average is $29.48. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43. Constellium has a one year low of $14.62 and a one year high of $36.99. The firm has a market cap of $3.45 billion, a PE ratio of 6.55 and a beta of 1.57.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%. The business’s revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. On average, research analysts forecast that Constellium will post 3.79 EPS for the current year.

Insider Transactions at Constellium

In related news, Director Jean-Christophe Deslarzes bought 1,490 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the transaction, the director directly owned 43,515 shares of the company’s stock, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Constellium

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its position in shares of Constellium by 4.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock valued at $322,000 after buying an additional 409 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Constellium by 12.5% during the third quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 447 shares during the period. NorthCrest Asset Manangement LLC raised its position in shares of Constellium by 6.3% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,431 shares of the industrial products company’s stock worth $216,000 after buying an additional 499 shares in the last quarter. Summit Global Investments raised its holdings in Constellium by 1.7% during the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after purchasing an additional 554 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its holdings in shares of Constellium by 6.7% in the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after buying an additional 692 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

About Constellium

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.