Constellium’s (CSTM) Buy Rating Reiterated at Benchmark

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

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

Constellium Stock Up 0.5 %

Constellium stock opened at $20.72 on Friday. Constellium has a fifty-two week low of $13.40 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. The company has a market capitalization of $2.99 billion, a P/E ratio of 22.28 and a beta of 1.71. The stock has a 50-day simple moving average of $20.45 and a 200-day simple moving average of $18.82.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.23). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. Equities research analysts expect that Constellium will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Constellium by 35.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 700 shares during the period. Advisor Group Holdings Inc. grew its holdings in Constellium by 26.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock valued at $64,000 after buying an additional 757 shares during the last quarter. UBS Group AG grew its holdings in Constellium by 138.2% during the 2nd quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock valued at $59,000 after buying an additional 2,622 shares during the last quarter. West Tower Group LLC grew its holdings in Constellium by 592.9% during the 4th quarter. West Tower Group LLC now owns 4,656 shares of the industrial products company’s stock valued at $93,000 after buying an additional 3,984 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in Constellium during the 1st quarter valued at $110,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.