Constellium (NYSE:CSTM) Rating Reiterated by Benchmark

Constellium (NYSE:CSTM - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports. They currently have a $24.00 target price on the industrial products company's stock. Benchmark's target price would suggest a potential upside of 15.83% from the stock's current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Constellium from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. UBS Group began coverage on shares of Constellium in a research note on Tuesday, January 16th. They issued a "buy" rating and a $27.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellium from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, January 23rd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $25.60.

Constellium Price Performance

Constellium stock traded up $0.11 during midday trading on Friday, reaching $20.72. The company had a trading volume of 847,515 shares, compared to its average volume of 707,120. The company has a market capitalization of $2.99 billion, a P/E ratio of 22.28 and a beta of 1.71. Constellium has a 12-month low of $13.40 and a 12-month high of $23.20. The firm's fifty day simple moving average is $20.45 and its 200-day simple moving average is $18.82. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.23). The company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.73 billion. Constellium had a net margin of 1.73% and a return on equity of 16.86%. As a group, equities analysts anticipate that Constellium will post 1.9 EPS for the current year.

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its stake in shares of Constellium by 35.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company's stock worth $41,000 after acquiring an additional 700 shares in the last quarter. UBS Group AG lifted its position in shares of Constellium by 138.2% during the 2nd quarter. UBS Group AG now owns 4,519 shares of the industrial products company's stock worth $59,000 after purchasing an additional 2,622 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Constellium by 26.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company's stock worth $64,000 after purchasing an additional 757 shares during the last quarter. West Tower Group LLC lifted its position in shares of Constellium by 592.9% during the 4th quarter. West Tower Group LLC now owns 4,656 shares of the industrial products company's stock worth $93,000 after purchasing an additional 3,984 shares during the last quarter. Finally, Covestor Ltd purchased a new stake in shares of Constellium during the 1st quarter worth $110,000. 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.