Constellium (NYSE:CSTM) PT Lowered to $24.00

Constellium (NYSE:CSTM) had its price objective decreased by JPMorgan Chase & Co. from $25.00 to $24.00 in a research report sent to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

CSTM has been the topic of a number of other reports. BMO Capital Markets dropped their price objective on shares of Constellium from $24.00 to $22.00 and set an outperform rating on the stock in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Constellium from $23.00 to $22.00 and set a buy rating for the company in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Constellium presently has an average rating of Buy and a consensus target price of $23.80.

Constellium Price Performance

NYSE CSTM opened at $14.76 on Friday. 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 firm’s 50 day moving average price is $16.02 and its 200-day moving average price is $18.64. Constellium has a 52-week low of $14.12 and a 52-week high of $23.20. The company has a market cap of $2.13 billion, a PE ratio of 16.40 and a beta of 1.59.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Sell-side analysts forecast that Constellium will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. raised its holdings in shares of Constellium by 47.7% in the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after buying an additional 1,334,550 shares during the last quarter. Rubric Capital Management LP raised its holdings 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 buying an additional 32,548 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Constellium by 8.3% in 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 buying an additional 257,618 shares during the last quarter. Highland Peak Capital LLC raised its holdings in shares of Constellium by 14.1% in the second quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after buying an additional 234,756 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Constellium by 1.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock worth $37,563,000 after buying an additional 21,569 shares during 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.