Constellium (NYSE:CSTM) Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Constellium (NYSE:CSTM) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Thursday, Marketbeat reports. They presently have a $12.00 price objective on the industrial products company’s stock, down from their previous price objective of $22.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 5.68% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on CSTM. JPMorgan Chase & Co. decreased their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. BMO Capital Markets cut their price target on Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Constellium Price Performance

CSTM stock opened at $11.36 on Thursday. The business’s 50-day moving average is $15.62 and its two-hundred day moving average is $18.13. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The firm has a market capitalization of $1.64 billion, a P/E ratio of 12.62 and a beta of 1.59. Constellium has a 1 year low of $10.49 and a 1 year high of $23.20.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts anticipate that Constellium will post 1.54 earnings per share for the current fiscal year.

Institutional Trading of Constellium

Institutional investors and hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its position in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after buying an additional 257,618 shares during the period. Vanguard Group Inc. increased its holdings in shares of Constellium by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock valued at $34,490,000 after acquiring an additional 145,604 shares during the period. Sei Investments Co. increased its holdings in shares of Constellium by 170.2% in the 1st quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock valued at $6,183,000 after acquiring an additional 176,158 shares during the period. Lazard Asset Management LLC purchased a new stake in Constellium in the 1st quarter valued at $1,106,000. Finally, Acadian Asset Management LLC boosted its stake in Constellium by 26,490.3% during the 1st quarter. Acadian Asset Management LLC now owns 197,034 shares of the industrial products company’s stock worth $4,348,000 after purchasing an additional 196,293 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.