Constellium (NYSE:CSTM) Price Target Cut to $24.00 by Analysts at BMO Capital Markets

Constellium (NYSE:CSTM) had its price objective cut by BMO Capital Markets from $25.00 to $24.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

CSTM has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of Constellium from $27.00 to $26.00 and set an overweight rating for the company in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Constellium from $24.50 to $24.00 and set a buy rating for the company in a report on Tuesday, July 16th. Finally, Benchmark restated a buy rating and issued a $24.00 target price on shares of Constellium in a report on Friday, April 19th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Constellium has a consensus rating of Buy and a consensus price target of $25.00.

Constellium Stock Performance

NYSE:CSTM opened at $16.99 on Wednesday. The firm has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $19.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.58. The firm has a market cap of $2.45 billion, a PE ratio of 18.88 and a beta of 1.60. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The company’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, equities analysts expect that Constellium will post 1.61 EPS for the current year.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently bought and sold shares of CSTM. Vanguard Group Inc. grew its stake in Constellium by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,236,435 shares of the industrial products company’s stock worth $22,503,000 after buying an additional 8,350 shares during the period. SG Americas Securities LLC grew its stake in Constellium by 124.5% during the fourth quarter. SG Americas Securities LLC now owns 27,417 shares of the industrial products company’s stock worth $547,000 after buying an additional 15,202 shares during the period. Highland Capital Management LLC purchased a new stake in Constellium during the fourth quarter worth approximately $201,000. DekaBank Deutsche Girozentrale purchased a new stake in Constellium during the fourth quarter worth approximately $2,024,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Constellium by 4.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,004 shares of the industrial products company’s stock worth $1,138,000 after buying an additional 2,659 shares during the period. 92.59% of the stock is currently owned by hedge funds and other 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.