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

Key Points

• Constellium has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, reflecting a cautious outlook from analysts.
• Shares of Constellium traded down 4.0%, with a current price of $14.40 and a market capitalization of approximately $2.01 billion.
• The company reported earnings of $0.25 per share, missing analyst expectations, and had a 12-month range between $7.32 and $16.49 for its stock price.

Constellium (NYSE:CSTM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently commented on CSTM. Wells Fargo & Company assumed coverage on shares of Constellium in a report on Wednesday. They set an "equal weight" rating and a $16.00 target price on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Constellium in a report on Wednesday. Finally, Zacks Research cut shares of Constellium from a "hold" rating to a "strong sell" rating in a report on Thursday, October 2nd. Two equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $16.33.

Constellium Trading Down 4.0%

Shares of CSTM stock opened at $14.40 on Friday. The firm has a 50 day moving average price of $14.56 and a two-hundred day moving average price of $12.78. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $2.01 billion, a PE ratio of 75.77 and a beta of 1.71. Constellium has a 12-month low of $7.32 and a 12-month high of $16.49.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data 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). Constellium had a return on equity of 3.43% and a net margin of 0.37%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. As a group, analysts predict that Constellium will post 1.1 earnings per share for the current year.

Institutional Trading of Constellium

A number of hedge funds have recently added to or reduced their stakes in CSTM. Encompass Capital Advisors LLC boosted its position in Constellium by 59.7% in the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company's stock valued at $71,325,000 after buying an additional 2,005,216 shares in the last quarter. Nuveen LLC acquired a new stake in Constellium in the first quarter valued at approximately $19,630,000. Millennium Management LLC boosted its position in Constellium by 65.8% in the first quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company's stock valued at $41,525,000 after buying an additional 1,633,561 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Constellium by 139.7% in the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company's stock valued at $28,879,000 after buying an additional 1,265,401 shares in the last quarter. Finally, Cooper Creek Partners Management LLC boosted its position in Constellium by 244.6% in the second quarter. Cooper Creek Partners Management LLC now owns 1,666,521 shares of the industrial products company's stock valued at $22,165,000 after buying an additional 1,182,966 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

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.

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