Constellium (NYSE:CSTM) Sets New 12-Month Low – Here’s Why

Constellium SE (NYSE:CSTM)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $9.96 and last traded at $10.00, with a volume of 90642 shares trading hands. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $12.00 in a report on Thursday, October 24th. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, BMO Capital Markets dropped their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Stock Performance

The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The business has a 50-day moving average of $11.40 and a 200-day moving average of $15.00. The company has a market capitalization of $1.48 billion, a P/E ratio of 13.88 and a beta of 1.65.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in Constellium by 16.0% during the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 933 shares during the period. Natixis Advisors LLC boosted its stake in shares of Constellium by 6.2% during the second quarter. Natixis Advisors LLC now owns 238,264 shares of the industrial products company’s stock valued at $4,491,000 after purchasing an additional 13,907 shares during the period. Rhumbline Advisers grew its holdings in shares of Constellium by 3.3% in the second quarter. Rhumbline Advisers now owns 194,716 shares of the industrial products company’s stock worth $3,670,000 after purchasing an additional 6,179 shares during the last quarter. Kailix Advisors LLC increased its stake in Constellium by 40.0% in the 2nd quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock worth $29,222,000 after buying an additional 413,605 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Constellium by 2.5% during the 2nd quarter. Victory Capital Management Inc. now owns 711,900 shares of the industrial products company’s stock valued at $13,419,000 after buying an additional 17,610 shares in the last quarter. Hedge funds and other 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.