Constellium’s (CSTM) Buy Rating Reiterated at Deutsche Bank

Deutsche Bank restated their buy rating on shares of Constellium (NYSE:CSTM) in a report released on Wednesday, TipRanks reports.

Separately, ValuEngine upgraded shares of Constellium from a strong sell rating to a sell rating in a report on Thursday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $14.00.

CSTM stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.11. 45,550 shares of the company were exchanged, compared to its average volume of 745,323. The firm has a market cap of $1.29 billion, a P/E ratio of 14.24 and a beta of 1.62. Constellium has a twelve month low of $6.26 and a twelve month high of $13.35.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Constellium had a negative return on equity of 63.65% and a net margin of 4.13%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business earned ($0.18) earnings per share. Constellium’s revenue was up 10.8% on a year-over-year basis. Equities research analysts predict that Constellium will post 1.04 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Constellium by 24.9% during the 1st quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock worth $33,251,000 after buying an additional 829,800 shares during the period. Marshall Wace North America L.P. boosted its stake in Constellium by 50.2% in the 1st quarter. Marshall Wace North America L.P. now owns 887,034 shares of the industrial products company’s stock worth $7,076,000 after purchasing an additional 296,345 shares during the period. Overbrook Management Corp boosted its stake in Constellium by 16.8% in the 1st quarter. Overbrook Management Corp now owns 347,366 shares of the industrial products company’s stock worth $2,772,000 after purchasing an additional 50,033 shares during the period. Jennison Associates LLC boosted its stake in Constellium by 26.0% in the 1st quarter. Jennison Associates LLC now owns 1,150,603 shares of the industrial products company’s stock worth $9,182,000 after purchasing an additional 237,285 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new position in Constellium in the 1st quarter worth about $235,000. Institutional investors and hedge funds own 67.82% of the company’s stock.

Constellium Company Profile

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

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Analyst Recommendations for Constellium (NYSE:CSTM)

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