Constellium (NYSE:CSTM) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Constellium (NYSE:CSTM) from a buy rating to a hold rating in a report released on Thursday morning.

CSTM has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. BMO Capital Markets dropped their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and dropped their target price for the company from $22.00 to $12.00 in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Constellium presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Constellium Price Performance

Shares of CSTM opened at $11.35 on Thursday. Constellium has a twelve month low of $10.49 and a twelve month high of $23.20. The firm’s fifty day simple moving average is $15.62 and its 200-day simple moving average is $18.10. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. Constellium’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts forecast that Constellium will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. abrdn plc grew its position in Constellium by 5.7% during the 3rd quarter. abrdn plc now owns 184,849 shares of the industrial products company’s stock worth $3,006,000 after purchasing an additional 10,009 shares during the last quarter. Highland Capital Management LLC grew its position in Constellium by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 1,233 shares during the last quarter. Ballentine Partners LLC purchased a new position in Constellium during the 3rd quarter worth $168,000. Signaturefd LLC grew its position in Constellium by 41.5% during the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 2,805 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.