Constellium (NYSE:CSTM) Downgraded by StockNews.com

Constellium (NYSE:CSTM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their price target 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 cut their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and lowered their price target 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 given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Constellium Stock Up 1.1 %

CSTM stock traded up $0.12 during midday trading on Thursday, hitting $10.85. 5,280,127 shares of the company’s stock were exchanged, compared to its average volume of 1,055,773. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 12.06 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. The firm has a 50 day moving average price of $15.71 and a 200-day moving average price of $18.20. Constellium has a 12-month low of $10.49 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. On average, analysts anticipate that Constellium will post 1.54 EPS for the current year.

Institutional Trading of Constellium

A number of large investors have recently added to or reduced their stakes in CSTM. CWM LLC increased its holdings in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after buying an additional 676 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Constellium during the second quarter worth $85,000. Quarry LP lifted its holdings in shares of Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares during the period. 92.59% of the stock is currently owned by 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.