Constellium (NYSE:CSTM) Shares Gap Down – Time to Sell?

Constellium SE (NYSE:CSTM)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $14.93, but opened at $12.00. Constellium shares last traded at $12.31, with a volume of 1,288,365 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft cut their target price on Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets cut their target price on Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Constellium has a consensus rating of “Buy” and a consensus price target of $23.80.

Constellium Trading Down 25.3 %

The stock has a fifty day moving average of $15.92 and a 200-day moving average of $18.31. 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 company has a market cap of $1.61 billion, a PE ratio of 13.66 and a beta of 1.59.

Constellium (NYSE:CSTM) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the company posted $0.35 EPS. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Constellium SE will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSTM. CWM LLC increased its holdings 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 valued at $28,000 after purchasing an additional 676 shares during the period. Blue Trust Inc. increased its holdings in shares of Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Constellium in the second quarter valued at about $85,000. Quarry LP increased its holdings in shares of Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the period. Finally, Signaturefd LLC grew its holdings in 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 acquiring an additional 933 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

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.