Brokerages Set Constellium SE (NYSE:CSTM) Price Target at $21.00

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

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

Constellium Trading Down 2.9 %

Constellium stock opened at $11.34 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium has a 12 month low of $10.49 and a 12 month high of $23.20. The company’s fifty day simple moving average is $14.26 and its 200-day simple moving average is $17.21. The stock has a market cap of $1.64 billion, a P/E ratio of 15.32 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share 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 firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Constellium will post 0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSTM. CWM LLC lifted its position in Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 676 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Constellium during the 2nd quarter worth about $85,000. Quarry LP boosted its stake in Constellium by 290.0% during the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the period. Finally, Signaturefd LLC grew its holdings in Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after buying an additional 933 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

About Constellium

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.