Constellium (NYSE:CSTM) Rating Increased to Buy at Wall Street Zen

Key Points

• Constellium's stock rating has been upgraded to Buy by Wall Street Zen from a previous Hold rating.
• The company's recent earnings report showed a net margin of 0.37% and revenue of $2.10 billion, slightly exceeding estimates.
• Despite the upgrade, several other reports from analysts have assigned ratings ranging from Sell to Strong Sell, indicating mixed opinions on the stock's performance.

Constellium (NYSE:CSTM - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

CSTM has been the topic of a number of other research reports. Weiss Ratings restated a "sell (d+)" rating on shares of Constellium in a research note on Wednesday, October 8th. Wells Fargo & Company initiated coverage on Constellium in a report on Wednesday, October 8th. They issued an "equal weight" rating and a $16.00 price objective on the stock. Finally, Zacks Research lowered Constellium from a "hold" rating to a "strong sell" rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Constellium has an average rating of "Hold" and an average price target of $16.33.

Constellium Stock Down 1.5%

CSTM opened at $15.26 on Friday. Constellium has a 1-year low of $7.32 and a 1-year high of $16.49. The stock's fifty day simple moving average is $14.76 and its 200 day simple moving average is $12.97. 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 stock has a market cap of $2.13 billion, a PE ratio of 80.32 and a beta of 1.71.

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 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 business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. As a group, research analysts expect that Constellium will post 1.1 earnings per share for the current year.

Institutional Trading of Constellium

Several large investors have recently modified their holdings of CSTM. GAMMA Investing LLC grew 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 purchasing an additional 2,585 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Constellium during the 1st quarter worth $38,000. US Bancorp DE grew its holdings in shares of Constellium by 1,034.7% during the 1st 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 in the last quarter. KBC Group NV acquired a new stake in shares of Constellium during the 2nd quarter worth $56,000. Finally, Signaturefd LLC grew its holdings in shares of Constellium by 20.3% during the 1st quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock worth $61,000 after purchasing an additional 1,013 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

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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