Constellium (NYSE:CSTM) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Deutsche Bank Aktiengesellschaft cut shares of Constellium (NYSE:CSTM) from a buy rating to a hold rating in a report published on Thursday, MarketBeat reports. The brokerage currently has $12.00 target price on the industrial products company’s stock, down from their prior target price of $22.00.

Several other equities research analysts have also weighed in on CSTM. JPMorgan Chase & Co. dropped their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. BMO Capital Markets dropped their target price on Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Constellium Price Performance

CSTM opened at $11.35 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. Constellium has a 1-year low of $10.49 and a 1-year high of $23.20. The company has a 50-day moving average of $15.62 and a 200-day moving average of $18.07. The company has a market capitalization of $1.64 billion, a P/E ratio of 12.61 and a beta of 1.59.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.47 EPS. Constellium’s revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that Constellium will post 1.54 EPS for the current fiscal year.

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently made changes to their positions in CSTM. Westwood Holdings Group Inc. lifted its holdings in Constellium by 47.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after acquiring an additional 1,334,550 shares during the last quarter. Rubric Capital Management LP increased its holdings in shares of Constellium by 0.9% in the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock valued at $69,046,000 after buying an additional 32,548 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Constellium by 8.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock valued at $63,339,000 after acquiring an additional 257,618 shares during the last quarter. Highland Peak Capital LLC boosted its stake in shares of Constellium by 14.1% during the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after acquiring an additional 234,756 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Constellium by 1.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock worth $37,563,000 after purchasing an additional 21,569 shares during the period. 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.