Weiss Ratings Reaffirms "Sell (D+)" Rating for Constellium (NYSE:CSTM)

Key Points

• Weiss Ratings has reaffirmed its "Sell (D+)" rating for Constellium (CSTM), indicating a negative outlook on the stock.
• Several other analysts have weighed in on Constellium, with Wells Fargo assigning an "equal weight" rating and a target price of $16.00, while Zacks downgraded the stock to a "strong sell" rating.
• Constellium reported quarterly earnings of $0.25 EPS, falling short of analysts' expectations, along with a revenue of $2.10 billion, slightly above forecasts.

Constellium (NYSE:CSTM - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

CSTM has been the topic of several other reports. Wells Fargo & Company started coverage on shares of Constellium in a research note on Wednesday, October 8th. They issued an "equal weight" rating and a $16.00 target price on the stock. Wall Street Zen raised shares of Constellium from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. Finally, Zacks Research downgraded shares of Constellium from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $15.50.

Constellium Trading Up 1.2%

CSTM stock traded up $0.20 during trading on Friday, hitting $16.90. 1,457,233 shares of the company traded hands, compared to its average volume of 1,057,291. The company has a 50-day moving average of $14.99 and a 200-day moving average of $13.21. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 1.23. Constellium has a 1 year low of $7.32 and a 1 year high of $17.34. The firm has a market capitalization of $2.36 billion, a PE ratio of 88.93 and a beta of 1.71.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. lifted its position in shares of Constellium by 12.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company's stock worth $65,773,000 after purchasing an additional 708,412 shares during the period. Encompass Capital Advisors LLC increased its position in shares of Constellium by 59.7% during 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 during the period. Millennium Management LLC raised its stake 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 worth $41,525,000 after buying an additional 1,633,561 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $28,879,000 after buying an additional 1,265,401 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Constellium in the first quarter worth about $19,630,000. 92.59% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.