Constellium SE (NYSE:CSTM) Receives $21.00 Consensus Target Price from Brokerages

Shares of Constellium SE (NYSE:CSTM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $21.00.

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

Institutional Investors Weigh In On Constellium

Several large investors have recently made changes to their positions in CSTM. Blue Trust Inc. grew its holdings in Constellium by 863.5% in the 3rd 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 in the last quarter. Point72 DIFC Ltd bought a new position in shares of Constellium in the second quarter worth $85,000. Quarry LP raised its stake in shares of Constellium by 290.0% during 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 in the last quarter. Signaturefd LLC lifted its holdings in Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock worth $127,000 after purchasing an additional 933 shares during the period. Finally, Ballentine Partners LLC acquired a new position in Constellium during the 3rd quarter valued at about $168,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Down 1.5 %

CSTM traded down $0.16 on Friday, reaching $10.19. The company's stock had a trading volume of 980,211 shares, compared to its average volume of 1,103,782. Constellium has a 1 year low of $9.98 and a 1 year high of $23.20. The business's 50 day moving average is $11.58 and its 200 day moving average is $15.21. 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 stock has a market cap of $1.47 billion, a price-to-earnings ratio of 13.77 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 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). The business had revenue of $1.64 billion for 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 business's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. As a group, research analysts forecast that Constellium will post 0.71 EPS for the current fiscal year.

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.