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

Shares of Constellium SE (NYSE:CSTM) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.00.

CSTM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, BMO Capital Markets lowered their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th.

Constellium Stock Up 3.0 %

Shares of NYSE CSTM opened at $10.27 on Friday. The business has a 50-day moving average price of $11.40 and a 200 day moving average price of $14.96. The stock has a market cap of $1.48 billion, a PE ratio of 13.88 and a beta of 1.65. 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 52-week low of $9.95 and a 52-week high of $23.20.

Constellium (NYSE:CSTM) last announced 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). The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. Equities research analysts forecast that Constellium will post 0.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CSTM. Signaturefd LLC lifted its holdings in shares of Constellium by 16.0% during the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 933 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Constellium by 4.5% during the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 1,079 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Constellium by 9.1% in the third quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock worth $226,000 after buying an additional 1,162 shares during the period. Highland Capital Management LLC grew its stake in shares of Constellium by 10.1% in the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after buying an additional 1,233 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,753 shares during the period. Institutional investors and hedge funds 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.