Constellium (NYSE:CSTM) PT Lowered to $22.00

Constellium (NYSE:CSTM) had its price target reduced by BMO Capital Markets from $24.00 to $22.00 in a report released on Thursday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Constellium from $23.00 to $22.00 and set a buy rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their target price on shares of Constellium from $27.00 to $26.00 and set an overweight rating on the stock in a research report on Thursday, July 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $23.80.

Constellium Price Performance

Shares of Constellium stock opened at $14.55 on Thursday. Constellium has a twelve month low of $14.12 and a twelve month high of $23.20. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The company has a 50-day simple moving average of $16.03 and a two-hundred day simple moving average of $18.69. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 16.17 and a beta of 1.59.

Constellium (NYSE:CSTM) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. Analysts forecast that Constellium will post 1.54 EPS for the current year.

Institutional Trading of Constellium

Several institutional investors and hedge funds have recently made changes to their positions in CSTM. CWM LLC increased its stake in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Constellium by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 698 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Constellium by 29.9% during the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after buying an additional 1,625 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Constellium by 7.6% during the 1st quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock valued at $568,000 after buying an additional 1,822 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.