Constellium (NYSE:CSTM) Receives “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of Constellium (NYSE:CSTM) in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a $24.00 price objective on the industrial products company’s stock.

Several other analysts also recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Constellium from $21.00 to $24.00 and gave the company a buy rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Constellium from $25.00 to $28.00 and gave the company an overweight rating in a research report on Wednesday, April 10th. Finally, UBS Group started coverage on shares of Constellium in a research report on Tuesday, January 16th. They issued a buy rating and a $27.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $25.60.

Constellium Stock Performance

NYSE:CSTM opened at $21.13 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of 22.72 and a beta of 1.71. The company has a 50 day simple moving average of $20.49 and a two-hundred day simple moving average of $18.87. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. Constellium has a fifty-two week low of $13.40 and a fifty-two week high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.23). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. Research analysts anticipate that Constellium will post 1.9 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

Large investors have recently bought and sold shares of the stock. Covestor Ltd lifted its stake in Constellium by 12.2% during the 3rd quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 716 shares in the last quarter. Saxon Interests Inc. bought a new position in Constellium during the 1st quarter valued at $206,000. Highland Capital Management LLC bought a new position in Constellium during the 4th quarter valued at $201,000. M&T Bank Corp bought a new position in Constellium during the 4th quarter valued at $203,000. Finally, Spire Wealth Management lifted its stake in Constellium by 11.2% during the 3rd quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 1,042 shares in the last quarter. 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.