Constellium SE (NYSE:CSTM) Receives Average Recommendation of “Buy” from Analysts

Shares of Constellium SE (NYSE:CSTM) have been given a consensus rating of “Buy” by the five brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. JPMorgan Chase & Co. lowered their price target on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Finally, BMO Capital Markets reduced their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th.

Constellium Stock Up 0.7 %

Shares of NYSE CSTM opened at $16.67 on Friday. The stock’s 50-day simple moving average is $17.58 and its 200-day simple moving average is $19.50. Constellium has a 1 year low of $14.12 and a 1 year high of $23.20. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 18.52 and a beta of 1.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. As a group, equities analysts anticipate that Constellium will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of Constellium

Several large investors have recently added to or reduced their stakes in CSTM. SummerHaven Investment Management LLC lifted its position in Constellium by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 40,926 shares of the industrial products company’s stock worth $817,000 after acquiring an additional 575 shares during the last quarter. CWM LLC increased its position in 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 acquiring an additional 676 shares during the period. Signaturefd LLC boosted 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 purchasing an additional 933 shares during the period. Xponance Inc. grew its position in Constellium by 5.6% in the 4th quarter. Xponance Inc. now owns 19,213 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Hohimer Wealth Management LLC increased its holdings in shares of Constellium by 2.4% during the 4th quarter. Hohimer Wealth Management LLC now owns 51,354 shares of the industrial products company’s stock worth $1,025,000 after purchasing an additional 1,203 shares during the period. 92.59% of the stock is owned by institutional investors.

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.