Constellium (NYSE:CSTM) Upgraded at Deutsche Bank Aktiengesellschaft

Constellium (NYSE:CSTM) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $15.00 price objective on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 38.31% from the company’s previous close.

Constellium Stock Performance

Shares of NYSE CSTM opened at $10.85 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The business’s 50 day moving average is $10.15 and its two-hundred day moving average is $12.73. The company has a market cap of $1.59 billion, a P/E ratio of 33.89 and a beta of 1.68. Constellium has a 12 month low of $9.04 and a 12 month high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings results 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 company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, equities analysts expect that Constellium will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSTM. T. Rowe Price Investment Management Inc. lifted its position in shares of Constellium by 26.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock valued at $203,642,000 after buying an additional 4,181,823 shares during the last quarter. FMR LLC increased its stake in Constellium by 3.4% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after acquiring an additional 484,011 shares during the period. Mountaineer Partners Management LLC increased its stake in Constellium by 1,683.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after acquiring an additional 8,428,150 shares during the period. Janus Henderson Group PLC increased its stake in shares of Constellium by 4.8% in the 4th quarter. Janus Henderson Group PLC now owns 6,445,290 shares of the industrial products company’s stock valued at $66,193,000 after purchasing an additional 292,335 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in shares of 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 purchasing an additional 334,639 shares during the last quarter. 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.