Constellium (NYSE:CSTM) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Constellium (NYSE:CSTM) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage presently has a $15.00 price target on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 38.31% from the company’s current price.

Constellium Trading Up 4.0 %

NYSE CSTM opened at $10.85 on Tuesday. The firm has a 50 day simple moving average of $10.15 and a 200-day simple moving average of $12.73. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 33.89 and a beta of 1.68. Constellium has a one year low of $9.04 and a one year high of $23.20. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

Constellium (NYSE:CSTM) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Equities research analysts anticipate that Constellium will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position in Constellium by 26.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock worth $203,642,000 after purchasing an additional 4,181,823 shares in the last quarter. FMR LLC lifted its stake in Constellium by 3.4% during the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after purchasing an additional 484,011 shares during the last quarter. Mountaineer Partners Management LLC lifted its stake in Constellium by 1,683.0% in the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after buying an additional 8,428,150 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Constellium by 4.8% in the fourth quarter. Janus Henderson Group PLC now owns 6,445,290 shares of the industrial products company’s stock valued at $66,193,000 after buying an additional 292,335 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Constellium by 6.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company’s stock valued at $59,671,000 after purchasing an additional 334,639 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Company Profile

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.