Constellium (NYSE:CSTM) Upgraded by Deutsche Bank Aktiengesellschaft to “Buy” Rating

Deutsche Bank Aktiengesellschaft upgraded shares of Constellium (NYSE:CSTM) from a hold rating to a buy rating in a research report released on Tuesday, Marketbeat.com reports. The brokerage currently has $15.00 price objective on the industrial products company’s stock.

Constellium Stock Up 5.7 %

CSTM stock opened at $11.46 on Tuesday. The stock has a 50-day simple moving average of $10.16 and a two-hundred day simple moving average of $12.70. Constellium has a twelve month low of $9.04 and a twelve month high of $23.20. The firm has a market capitalization of $1.68 billion, a PE 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 quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47). The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, equities analysts predict that Constellium will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new stake in shares of Constellium in the 4th quarter valued at about $31,000. Blue Trust Inc. increased its position in shares of Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Constellium in the fourth quarter valued at approximately $70,000. Quadrant Capital Group LLC lifted its position in Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Constellium in the 4th quarter worth approximately $106,000. 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.