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

Shares of Constellium SE (NYSE:CSTM - Get Free Report) gapped down before the market opened 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 changing hands.

Analyst Ratings Changes

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

Constellium Stock Down 28.7 %

The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The company has a 50 day simple moving average of $15.92 and a two-hundred day simple moving average of $18.31. The firm has a market capitalization of $1.54 billion, a P/E ratio of 12.40 and a beta of 1.59.

Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.05. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. Constellium's revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities analysts predict that Constellium SE will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. CWM LLC boosted its stake in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock valued at $28,000 after buying an additional 676 shares during the last quarter. Blue Trust Inc. increased its position in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock worth $32,000 after purchasing an additional 1,753 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Constellium during the second quarter valued at $85,000. Quarry LP lifted its position in 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 during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock worth $127,000 after buying an additional 933 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

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.