Analysts Set Constellium SE (NYSE:CSTM) Price Target at $23.80

Constellium SE (NYSE:CSTM) has earned a consensus recommendation of “Buy” from the five research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $23.80.

CSTM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, BMO Capital Markets decreased their price target on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, October 10th.

Constellium Stock Up 2.0 %

Shares of NYSE CSTM opened at $14.84 on Monday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 16.48 and a beta of 1.59. Constellium has a 12-month low of $14.12 and a 12-month high of $23.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The firm’s 50-day moving average price is $15.99 and its 200-day moving average price is $18.56.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 2.35% and a return on equity of 17.59%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. On average, equities research analysts anticipate that Constellium will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CSTM. CWM LLC raised 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 worth $28,000 after purchasing an additional 676 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Constellium by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 698 shares in the last quarter. Signaturefd LLC lifted its position in Constellium by 16.0% during the second 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 last quarter. Advisors Asset Management Inc. boosted its stake in Constellium by 29.9% in the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 1,625 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Constellium by 7.6% in the first quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 1,822 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.