Constellium (NYSE:CSTM) Price Target Raised to $17.00 at Deutsche Bank Aktiengesellschaft

Constellium (NYSE:CSTMGet Rating) had its price target lifted by Deutsche Bank Aktiengesellschaft from $12.50 to $17.00 in a report published on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the industrial products company’s stock.

A number of other research firms have also recently commented on CSTM. StockNews.com upgraded Constellium from a hold rating to a buy rating in a research report on Thursday, October 27th. Credit Suisse Group cut their price objective on Constellium from $24.00 to $22.00 and set an outperform rating for the company in a research report on Thursday, December 1st. Finally, The Goldman Sachs Group cut their price objective on Constellium from $22.00 to $15.00 and set a buy rating for the company in a research report on Thursday, October 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Constellium presently has a consensus rating of Buy and an average price target of $20.00.

Constellium Stock Down 0.5 %

Shares of CSTM stock opened at $14.32 on Tuesday. The stock has a 50 day moving average of $12.40 and a 200 day moving average of $12.56. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.54. The stock has a market cap of $2.03 billion, a P/E ratio of 7.02 and a beta of 1.94. Constellium has a twelve month low of $9.82 and a twelve month high of $20.85.

Constellium (NYSE:CSTMGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The industrial products company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.56. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Constellium had a return on equity of 60.12% and a net margin of 3.54%. As a group, sell-side analysts expect that Constellium will post 2.21 EPS for the current year.

Institutional Trading of Constellium

Institutional investors have recently made changes to their positions in the company. Islay Capital Management LLC acquired a new stake in shares of Constellium in the second quarter worth approximately $145,000. Penn Capital Management Company LLC boosted its stake in Constellium by 2.8% during the second quarter. Penn Capital Management Company LLC now owns 95,733 shares of the industrial products company’s stock worth $1,265,000 after buying an additional 2,576 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Constellium by 23.8% during the third quarter. SummerHaven Investment Management LLC now owns 59,074 shares of the industrial products company’s stock worth $599,000 after buying an additional 11,350 shares during the last quarter. Amundi boosted its stake in Constellium by 11.4% during the second quarter. Amundi now owns 72,736 shares of the industrial products company’s stock worth $945,000 after buying an additional 7,464 shares during the last quarter. Finally, AlphaCrest Capital Management LLC acquired a new position in Constellium during the second quarter worth $533,000. 92.86% of the stock is owned by institutional investors and hedge funds.

About Constellium

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Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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