Constellium SE (NYSE:CSTM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Constellium SE (NYSE:CSTM) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of analysts have commented on CSTM shares. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. 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. JPMorgan Chase & Co. lowered their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $12.00 in a report on Thursday, October 24th.

Hedge Funds Weigh In On Constellium

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Constellium by 3.4% during the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after purchasing an additional 484,011 shares during the period. Mountaineer Partners Management LLC boosted its stake in shares of Constellium by 1,683.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after buying an additional 8,428,150 shares during the period. Westwood Holdings Group Inc. grew its holdings 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 in the last quarter. Rubric Capital Management LP increased its stake in shares of Constellium by 0.9% in 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 acquiring an additional 32,548 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position 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 valued at $63,339,000 after purchasing an additional 257,618 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Up 1.8 %

Shares of NYSE:CSTM opened at $12.48 on Tuesday. Constellium has a 1-year low of $10.49 and a 1-year high of $23.20. The company’s fifty day moving average is $13.29 and its two-hundred day moving average is $16.54. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 16.87 and a beta of 1.65.

Constellium (NYSE:CSTM) last announced its quarterly 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 for the quarter, compared to analyst estimates 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 firm posted $0.47 EPS. Equities analysts anticipate that Constellium will post 0.71 EPS 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.