Constellium (NYSE:CSTM) Rating Increased to Strong-Buy at Zacks Research

Constellium (NYSE:CSTM) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

Other equities research analysts have also issued reports about the company. UBS Group cut their price objective on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company raised their target price on Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a research note on Thursday, July 30th. Finally, Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.80.

Constellium Stock Up 1.3%

CSTM stock opened at $27.49 on Monday. The stock has a market capitalization of $3.73 billion, a P/E ratio of 7.09 and a beta of 1.55. The firm has a 50-day simple moving average of $28.47 and a 200-day simple moving average of $29.44. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. Constellium has a 52 week low of $13.60 and a 52 week high of $36.99.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.18. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.73 billion. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. Equities analysts forecast that Constellium will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Constellium

In other Constellium news, Director Jean-Christophe Deslarzes acquired 1,490 shares of the company’s stock in a transaction that occurred on 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 purchase, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Orion Capital Management LLC acquired a new position in shares of Constellium during the 2nd quarter worth approximately $32,000. POM Investment Strategies LLC acquired a new stake in shares of Constellium in the second quarter valued at approximately $32,000. Allworth Financial LP increased its holdings in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares during the last quarter. USA Financial Formulas lifted its position in Constellium by 94.9% during the first quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock worth $55,000 after buying an additional 1,097 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Constellium by 34.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after buying an additional 803 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.