Constellium (NYSE:CSTM) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Constellium (NYSE:CSTM – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the company. Credit Suisse Group reaffirmed an “outperform” rating and set a $22.00 target price on shares of Constellium in a research report on Thursday, February 23rd. BMO Capital Markets raised their target price on Constellium from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Constellium from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellium has a consensus rating of “Moderate Buy” and a consensus price target of $18.75.

Constellium Stock Performance

Constellium stock opened at $13.87 on Thursday. The business has a 50 day moving average of $14.61 and a 200-day moving average of $12.80. Constellium has a 1 year low of $9.82 and a 1 year high of $19.21. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.21 and a quick ratio of 0.43. The company has a market capitalization of $1.97 billion, a P/E ratio of 6.36 and a beta of 1.92.

Constellium (NYSE:CSTM – Get Rating) last announced its earnings results on Wednesday, February 22nd. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Constellium had a net margin of 3.81% and a return on equity of 53.55%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts predict that Constellium will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

A number of large investors have recently modified their holdings of CSTM. Bank of America Corp DE increased its stake in Constellium by 239.5% in the 4th quarter. Bank of America Corp DE now owns 1,826,280 shares of the industrial products company’s stock worth $21,605,000 after purchasing an additional 3,135,115 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Constellium by 427.9% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,373,581 shares of the industrial products company’s stock valued at $28,078,000 after purchasing an additional 1,923,965 shares in the last quarter. FMR LLC boosted its holdings in Constellium by 22.2% in the second quarter. FMR LLC now owns 9,181,846 shares of the industrial products company’s stock worth $121,292,000 after acquiring an additional 1,666,524 shares in the last quarter. Norges Bank bought a new stake in Constellium in the fourth quarter worth $17,057,000. Finally, Millennium Management LLC boosted its holdings in Constellium by 517.4% in the second quarter. Millennium Management LLC now owns 1,463,960 shares of the industrial products company’s stock worth $19,339,000 after acquiring an additional 1,226,857 shares in the last quarter. 92.86% of the stock is owned by hedge funds and other institutional investors.

About Constellium

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Constellium SE operates as a holding company with interest in the design and manufacture of a range of specialty rolled, and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company operates through the following segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.