Constellium (NYSE:CSTM) Downgraded by Zacks Research to Strong Sell

Constellium (NYSE:CSTM) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

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

Constellium Price Performance

Constellium stock opened at $15.47 on Thursday. The company’s fifty day moving average price is $14.46 and its 200 day moving average price is $12.66. Constellium has a 1 year low of $7.32 and a 1 year high of $16.49. The stock has a market capitalization of $2.16 billion, a P/E ratio of 81.41 and a beta of 1.71. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 1.23.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Constellium by 2,485.6% during the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 2,585 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Constellium during the first quarter worth about $38,000. Parallel Advisors LLC increased its stake in Constellium by 519.2% during the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 4,143 shares during the period. US Bancorp DE increased its stake 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 worth $52,000 after purchasing an additional 4,708 shares during the period. Finally, KBC Group NV purchased a new stake in Constellium during the second quarter worth about $56,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

About Constellium

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.