BMO Capital Markets Trims Constellium (NYSE:CSTM) Target Price to $18.00

Constellium (NYSE:CSTM - Free Report) had its price objective decreased by BMO Capital Markets from $22.00 to $18.00 in a research report report published on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the industrial products company's stock.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Constellium from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered Constellium from a "buy" rating to a "hold" rating and cut their target price for the company from $22.00 to $12.00 in a report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Constellium has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Constellium Stock Up 1.1 %

NYSE:CSTM traded up $0.12 during trading hours on Thursday, hitting $10.85. 5,280,127 shares of the company's stock traded hands, compared to its average volume of 1,055,773. Constellium has a twelve month low of $10.49 and a twelve month high of $23.20. The firm has a market cap of $1.57 billion, a P/E ratio of 12.06 and a beta of 1.59. 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 stock's fifty day moving average price is $15.71 and its two-hundred day moving average price is $18.20.

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, beating analysts' consensus estimates 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 the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The firm's quarterly revenue was down 7.9% on a year-over-year basis. On average, research analysts expect that Constellium will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

Several hedge funds and other institutional investors have recently made changes to their positions in CSTM. CWM LLC raised its stake in Constellium by 81.1% during the 2nd 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 last quarter. SummerHaven Investment Management LLC raised its position in shares of Constellium by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company's stock valued at $794,000 after buying an additional 698 shares during the last quarter. Signaturefd LLC raised its position in shares of Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock valued at $127,000 after buying an additional 933 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of Constellium by 10.1% in the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company's stock valued at $219,000 after buying an additional 1,233 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Constellium by 29.9% during the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company's stock worth $156,000 after buying an additional 1,625 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

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.