Constellium SE (NYSE:CSTM) Receives $21.00 Average PT from Analysts

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

Several equities analysts have recently commented on CSTM shares. JPMorgan Chase & Co. reduced their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets dropped their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and cut their target price for the company from $22.00 to $12.00 in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CSTM. Mountaineer Partners Management LLC grew its stake in 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 worth $145,184,000 after buying an additional 8,428,150 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Constellium by 47.7% during 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 acquiring an additional 1,334,550 shares during the last quarter. FMR LLC increased its holdings in shares of Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after acquiring an additional 484,011 shares during the period. Thrivent Financial for Lutherans bought a new stake in Constellium in the 3rd quarter valued at about $7,223,000. Finally, Kailix Advisors LLC boosted its stake in Constellium by 40.0% during the 2nd quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock valued at $29,222,000 after purchasing an additional 413,605 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Stock Performance

Shares of CSTM stock opened at $10.27 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The company’s fifty day moving average price is $11.40 and its two-hundred day moving average price is $14.96. The firm has a market capitalization of $1.48 billion, a P/E ratio of 13.88 and a beta of 1.65. Constellium has a 12 month low of $9.95 and a 12 month high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.47 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts anticipate 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.