Constellium (NYSE:CSTM) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Constellium (NYSE:CSTM) from a hold rating to a buy rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $15.00 price target on the industrial products company’s stock.

Constellium Stock Performance

NYSE CSTM opened at $11.46 on Tuesday. The company has a 50-day simple moving average of $10.16 and a two-hundred day simple moving average of $12.70. Constellium has a 12-month low of $9.04 and a 12-month high of $23.20. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 35.80 and a beta of 1.68. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last issued its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. On average, equities analysts forecast that Constellium will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSTM. Victory Capital Management Inc. boosted its position in Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock valued at $13,387,000 after buying an additional 111,390 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Constellium in the third quarter valued at about $1,372,000. Principal Financial Group Inc. raised its stake in shares of Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock valued at $22,693,000 after acquiring an additional 364,423 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Constellium during the fourth quarter worth about $1,386,000. Finally, Barclays PLC grew its stake in shares of Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock worth $5,473,000 after purchasing an additional 278,149 shares during the last quarter. 92.59% of the stock is 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.