Constellium (NYSE:CSTM) Stock Rating Upgraded by Wall Street Zen

Constellium (NYSE:CSTM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other research firms also recently weighed in on CSTM. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Constellium in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Constellium in a research note on Wednesday, October 8th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, Zacks Research downgraded Constellium from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.33.

Constellium Stock Up 4.2%

CSTM opened at $15.94 on Friday. Constellium has a fifty-two week low of $7.32 and a fifty-two week high of $16.49. The business has a 50-day moving average of $14.82 and a 200-day moving average of $13.05. 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 company has a market capitalization of $2.22 billion, a PE ratio of 83.87 and a beta of 1.71.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.08 billion. Equities research analysts forecast that Constellium will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CWM LLC lifted its holdings in shares of Constellium by 136.4% during the third quarter. CWM LLC now owns 73,313 shares of the industrial products company’s stock worth $1,091,000 after buying an additional 42,297 shares during the last quarter. Rockingstone Advisors LLC lifted its holdings in shares of Constellium by 0.6% during the third quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock worth $3,196,000 after buying an additional 1,285 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Constellium during the third quarter worth approximately $274,000. Corient Private Wealth LLC acquired a new position in shares of Constellium during the second quarter worth approximately $1,325,000. Finally, State of Wyoming grew its holdings in shares of Constellium by 35.8% during the 2nd quarter. State of Wyoming now owns 37,144 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 9,801 shares in the last quarter. 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.