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

Constellium SE (NYSE:CSTM) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $21.00.

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

Hedge Funds Weigh In On Constellium

Hedge funds have recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after buying an additional 676 shares during the period. Blue Trust Inc. boosted its stake in shares of Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,753 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Constellium during the second quarter worth about $85,000. Quarry LP boosted its stake in shares of Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after buying an additional 3,735 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after buying an additional 933 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Stock Down 1.4 %

Constellium stock opened at $11.79 on Friday. Constellium has a twelve month low of $10.49 and a twelve month high of $23.20. The stock’s fifty day simple moving average is $14.45 and its 200-day simple moving average is $17.29. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $1.70 billion, a P/E ratio of 15.93 and a beta of 1.65.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. As a group, equities analysts expect that Constellium will post 0.71 earnings per share for the current fiscal 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.