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

Constellium (NYSE:CSTM) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has a $15.00 price target on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 28.76% from the stock’s previous close.

Constellium Price Performance

Shares of NYSE CSTM opened at $11.65 on Tuesday. Constellium has a 1-year low of $9.04 and a 1-year high of $23.20. The business has a 50-day moving average of $10.19 and a 200-day moving average of $12.69. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 36.41 and a beta of 1.68.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The business had revenue of $1.72 billion during 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 anticipate that Constellium will post 1.1 EPS for the current fiscal year.

Institutional Trading of Constellium

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in Constellium by 11.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 246,279 shares of the industrial products company’s stock valued at $2,529,000 after acquiring an additional 25,580 shares during the period. PharVision Advisers LLC acquired a new stake in Constellium in the 4th quarter valued at approximately $168,000. Voloridge Investment Management LLC increased its position in Constellium by 80.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company’s stock valued at $15,711,000 after acquiring an additional 683,876 shares during the period. Westwood Holdings Group Inc. increased its position in Constellium by 6.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company’s stock valued at $59,671,000 after acquiring an additional 334,639 shares during the period. Finally, Squarepoint Ops LLC increased its position in Constellium by 1.0% in the 4th quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company’s stock valued at $1,177,000 after acquiring an additional 1,164 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.