Constellium (NYSE:CSTM) Share Price Breaks Below 200-Day Moving Average on Analyst Downgrade

Constellium SE (NYSE:CSTM) crossed below its two hundred day moving average during trading on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $39.00 to $36.00. The stock has a two hundred day moving average of $29.44 and traded as low as $24.93. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Constellium shares last traded at $25.3960, with a volume of 1,341,925 shares traded.

A number of other brokerages also recently issued reports on CSTM. UBS Group dropped their price target on shares of Constellium from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. Finally, Wells Fargo & Company cut their target price on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Constellium has a consensus rating of “Moderate Buy” and a consensus target price of $34.40.

Insider Buying and Selling

In other Constellium news, Director Jean-Christophe Deslarzes bought 1,490 shares of Constellium stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $27.24 per share, with a total value of $40,587.60. Following the completion of the acquisition, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Constellium

Hedge funds have recently modified their holdings of the business. Encompass Capital Advisors LLC raised its holdings in Constellium by 9.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock worth $87,802,000 after purchasing an additional 393,640 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Constellium by 620.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock valued at $79,345,000 after purchasing an additional 2,780,260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Constellium by 894.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company’s stock worth $50,545,000 after buying an additional 1,849,554 shares in the last quarter. SG Americas Securities LLC increased its position in Constellium by 53.6% in the first quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock worth $36,808,000 after buying an additional 522,725 shares in the last quarter. Finally, Beaconlight Capital LLC raised its stake in shares of Constellium by 5.2% in the fourth quarter. Beaconlight Capital LLC now owns 1,339,934 shares of the industrial products company’s stock worth $25,258,000 after buying an additional 66,429 shares during the period. Institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

The firm has a 50 day moving average price of $26.80 and a 200 day moving average price of $29.46. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The stock has a market cap of $3.50 billion, a P/E ratio of 6.66 and a beta of 1.57.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%. The firm’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. On average, analysts forecast that Constellium SE will post 3.70 EPS for the current fiscal year.

About Constellium

Constellium SE (NYSE: CSTM) is a global manufacturer of advanced aluminum products and solutions. The company develops, engineers and produces aluminum rolled, extruded and shaped products for customers in the aerospace, automotive, packaging and industrial markets.

Its products include aluminum sheets, plates, coils, extrusions, structural components and automotive body systems. Constellium also supplies aluminum products used in beverage cans, bottles and other packaging applications, as well as components for aircraft structures, automotive vehicles, commercial transportation and industrial equipment.

Constellium serves customers through manufacturing and research operations across Europe, North America and Asia.