Constellium (NYSE:CSTM) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has initiated coverage on Constellium (CSTM) with an "equal weight" rating and a price target of $16.00, indicating a potential upside of 3.80% from its current price.
• The company's consensus rating stands at "Hold" with a consensus price target of $18.25, influenced by various ratings from other analysts including Zacks and Weiss Ratings.
• Constellium reported quarterly earnings of $0.25 per share, missing estimates by $0.03, but had revenue of $2.10 billion, exceeding predictions of $2.08 billion.

Research analysts at Wells Fargo & Company initiated coverage on shares of Constellium (NYSE:CSTM - Get Free Report) in a note issued to investors on Wednesday. The brokerage set an "equal weight" rating and a $16.00 price target on the industrial products company's stock. Wells Fargo & Company's target price would suggest a potential upside of 3.80% from the company's current price.

CSTM has been the topic of a number of other research reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Constellium in a research note on Saturday, September 27th. Zacks Research lowered shares of Constellium from a "hold" rating to a "strong sell" rating in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.25.

Constellium Stock Performance

NYSE CSTM opened at $15.42 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 81.14 and a beta of 1.71. The firm's 50 day simple moving average is $14.50 and its 200 day simple moving average is $12.72. Constellium has a 1 year low of $7.32 and a 1 year high of $16.49.

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

Hedge Funds Weigh In On Constellium

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC acquired a new position in Constellium in the second quarter valued at $1,325,000. State of Wyoming lifted its holdings in Constellium by 35.8% in the second quarter. State of Wyoming now owns 37,144 shares of the industrial products company's stock valued at $494,000 after buying an additional 9,801 shares during the period. Hudson Bay Capital Management LP lifted its holdings in Constellium by 109.1% in the second quarter. Hudson Bay Capital Management LP now owns 509,296 shares of the industrial products company's stock valued at $6,774,000 after buying an additional 265,780 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Constellium by 251.8% in the second quarter. Tower Research Capital LLC TRC now owns 24,620 shares of the industrial products company's stock valued at $327,000 after buying an additional 17,621 shares during the period. Finally, Voleon Capital Management LP bought a new stake in Constellium in the second quarter valued at $1,261,000. Institutional investors and hedge funds 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.

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