Constellium SE (NYSE:CSTM - Get Free Report) shares traded up 8.3% during mid-day trading on Wednesday . The company traded as high as $11.06 and last traded at $11.03. 845,206 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 1,074,113 shares. The stock had previously closed at $10.18.
Wall Street Analyst Weigh In
A number of brokerages have commented on CSTM. StockNews.com lowered shares of Constellium from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a "buy" rating to a "hold" rating and lowered their target price for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. BMO Capital Markets cut their price target on Constellium from $22.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.
Get Our Latest Research Report on Constellium
Constellium Trading Up 6.9 %
The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The firm's fifty day moving average is $11.25 and its two-hundred day moving average is $14.33. The firm has a market capitalization of $1.57 billion, a PE ratio of 14.70 and a beta of 1.65.
Constellium (NYSE:CSTM - Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The business's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. On average, equities analysts predict that Constellium SE will post 0.71 EPS for the current fiscal year.
Institutional Investors Weigh In On Constellium
A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in 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 last quarter. Point72 DIFC Ltd purchased a new stake in shares of Constellium during the 2nd quarter worth approximately $85,000. Quarry LP raised its holdings in shares of Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock worth $95,000 after purchasing an additional 3,735 shares during the period. Signaturefd LLC raised its holdings in shares of Constellium by 41.5% in the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company's stock worth $155,000 after purchasing an additional 2,805 shares during the period. Finally, Ballentine Partners LLC purchased a new position in Constellium in the third quarter valued at approximately $168,000. 92.59% of the stock is currently owned by institutional investors.
Constellium Company Profile
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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.
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