Deutsche Bank Aktiengesellschaft Cuts Constellium (NYSE:CSTM) Price Target to $22.00

Constellium (NYSE:CSTM) had its target price cut by Deutsche Bank Aktiengesellschaft from $23.00 to $22.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

CSTM has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Constellium from $27.00 to $26.00 and set an overweight rating for the company in a research report on Thursday, July 11th. BMO Capital Markets dropped their price objective on shares of Constellium from $25.00 to $24.00 and set an outperform rating for the company in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of $24.60.

Constellium Price Performance

NYSE:CSTM opened at $15.07 on Thursday. Constellium has a 52-week low of $14.12 and a 52-week high of $23.20. The stock has a fifty day moving average of $16.27 and a 200 day moving average of $18.93. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 16.74 and a beta of 1.59.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm posted $0.35 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. On average, research analysts expect that Constellium will post 1.6 EPS for the current fiscal year.

Institutional Trading of Constellium

Several institutional investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. boosted its holdings in 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 period. Vanguard Group Inc. grew its holdings in shares of Constellium by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after purchasing an additional 145,604 shares during the last quarter. Sei Investments Co. increased its stake in shares of Constellium by 170.2% in the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock worth $6,183,000 after buying an additional 176,158 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Constellium in the first quarter worth $1,106,000. Finally, Acadian Asset Management LLC raised its holdings in Constellium by 26,490.3% during the 1st quarter. Acadian Asset Management LLC now owns 197,034 shares of the industrial products company’s stock valued at $4,348,000 after buying an additional 196,293 shares during the last quarter. 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.