Constellium SE (NYSE:CSTM) Receives $25.00 Average PT from Analysts

Shares of Constellium SE (NYSE:CSTM) have received a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

CSTM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. BMO Capital Markets decreased their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th.

Constellium Trading Down 3.2 %

Shares of CSTM stock opened at $16.22 on Thursday. Constellium has a fifty-two week low of $14.12 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The stock’s fifty day moving average is $16.72 and its two-hundred day moving average is $19.20. The firm has a market capitalization of $2.34 billion, a P/E ratio of 18.02 and a beta of 1.60.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Research analysts expect that Constellium will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. increased its stake in shares of Constellium by 47.7% during the 2nd 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 last quarter. Rubric Capital Management LP increased its position in Constellium by 0.9% during the second 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 during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after purchasing an additional 257,618 shares during the period. Highland Peak Capital LLC boosted its holdings in shares of 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 valued at $35,860,000 after purchasing an additional 234,756 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Constellium by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after buying an additional 21,569 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.