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

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

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

Institutional Trading of Constellium

Several hedge funds and other institutional investors have recently bought and sold shares of CSTM. CWM LLC grew its holdings in Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 676 shares during the period. Blue Trust Inc. grew its holdings in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the period. Point72 DIFC Ltd acquired a new stake in Constellium in the second quarter valued at approximately $85,000. Quarry LP grew its holdings in Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the period. Finally, Signaturefd LLC grew its holdings in Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Stock Performance

Shares of Constellium stock opened at $11.90 on Tuesday. The stock’s fifty day moving average is $12.97 and its two-hundred day moving average is $16.36. The company has a market capitalization of $1.72 billion, a PE ratio of 16.08 and a beta of 1.65. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium has a 52 week low of $10.49 and a 52 week high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings data 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 business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. As a group, analysts expect that Constellium will post 0.71 earnings per share for the current year.

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.