Constellium SE (NYSE:CSTM) Receives Consensus Rating of “Buy” from Analysts

Shares of Constellium SE (NYSE:CSTM) have been given an average rating of “Buy” by the five research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $23.80.

Several brokerages have recently issued reports on CSTM. BMO Capital Markets reduced their price target on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th.

Institutional Trading of Constellium

Large investors have recently made changes to their positions in the company. CWM LLC increased its stake in shares of 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 buying an additional 676 shares during the period. Blue Trust Inc. increased its stake in shares of Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,753 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Constellium during the second quarter worth approximately $85,000. Quarry LP increased its stake in shares of Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after buying an additional 3,735 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after buying an additional 933 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Trading Up 1.1 %

NYSE CSTM opened at $15.00 on Monday. The firm’s 50-day moving average is $15.97 and its two-hundred day moving average is $18.45. Constellium has a 12 month low of $14.12 and a 12 month high of $23.20. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The stock has a market capitalization of $2.16 billion, a P/E ratio of 16.67 and a beta of 1.59.

Constellium (NYSE:CSTM) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion for 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%. Constellium’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, sell-side analysts anticipate that Constellium will post 1.54 earnings per share for the current year.

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.