JPMorgan Chase & Co. Lowers Constellium (NYSE:CSTM) Price Target to $26.00

Constellium (NYSE:CSTM) had its target price reduced by research analysts at JPMorgan Chase & Co. from $27.00 to $26.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 39.41% from the stock’s current price.

Separately, Benchmark reissued a “buy” rating and issued a $24.00 target price on shares of Constellium in a report on Friday, April 19th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $25.20.

Constellium Stock Performance

CSTM opened at $18.65 on Thursday. The stock’s 50 day simple moving average is $20.19 and its 200-day simple moving average is $20.01. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 2.01. The stock has a market cap of $2.69 billion, a PE ratio of 20.72 and a beta of 1.60. Constellium has a 1 year low of $14.12 and a 1 year high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). Constellium had a net margin of 1.73% and a return on equity of 15.68%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.71 billion. Sell-side analysts forecast that Constellium will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Constellium

Several institutional investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 676 shares during the last quarter. Advisors Asset Management Inc. raised its position in Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 1,625 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in Constellium during the 2nd quarter worth $195,000. BOKF NA boosted its position in Constellium by 87.6% in the 1st quarter. BOKF NA now owns 8,964 shares of the industrial products company’s stock valued at $200,000 after buying an additional 4,186 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new stake in shares of Constellium in the 4th quarter valued at $201,000. Institutional investors own 92.59% of the company’s stock.

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.