Constellium SE (NYSE:CSTM) Receives Average Rating of “Buy” from Brokerages

Constellium SE (NYSE:CSTM) has received a consensus rating of “Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $25.00.

Several research firms have weighed in on CSTM. JPMorgan Chase & Co. lowered their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. BMO Capital Markets cut their price objective on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in shares of Constellium in the second quarter worth approximately $85,000. Truist Financial Corp raised its position in shares of Constellium by 61.1% during the 2nd quarter. Truist Financial Corp now owns 37,345 shares of the industrial products company’s stock valued at $704,000 after buying an additional 14,165 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Constellium during the 2nd quarter worth $3,567,000. Quarry LP grew its position in Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 3,735 shares in the last quarter. Finally, Creative Planning raised its position in Constellium by 29.7% during the second quarter. Creative Planning now owns 53,613 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 12,273 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Down 0.5 %

Constellium stock opened at $16.14 on Thursday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 17.93 and a beta of 1.60. Constellium has a 52-week low of $14.12 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The firm has a 50 day moving average price of $16.65 and a two-hundred day moving average price of $19.18.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (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 the consensus estimate of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Equities analysts predict that Constellium will post 1.6 EPS 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.