Constellium SE (NYSE:CSTM) Receives $21.00 Consensus Target Price from Analysts

Constellium SE (NYSE:CSTM) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.00.

CSTM has been the topic of several recent research reports. BMO Capital Markets dropped their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $12.00 in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th.

Constellium Trading Down 2.2 %

Shares of NYSE CSTM opened at $9.97 on Friday. The business’s 50 day moving average price is $11.58 and its 200-day moving average price is $15.14. Constellium has a fifty-two week low of $9.95 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 13.47 and a beta of 1.65.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. On average, sell-side analysts expect that Constellium will post 0.71 earnings per share for the current year.

Institutional Trading of Constellium

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after buying an additional 484,011 shares during the period. Mountaineer Partners Management LLC raised its position in Constellium by 1,683.0% during the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after acquiring an additional 8,428,150 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Constellium by 47.7% in the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after acquiring an additional 1,334,550 shares during the period. Rubric Capital Management LP boosted its position in Constellium by 0.9% in the 2nd quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock worth $69,046,000 after purchasing an additional 32,548 shares in the last quarter. Finally, Highland Peak Capital LLC boosted its position in Constellium by 14.1% in the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after purchasing an additional 234,756 shares in the last quarter. 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.