Constellium SE (NYSE:CSTM) Receives $24.20 Average Price Target from Brokerages

Constellium SE (NYSE:CSTMGet Free Report) has received an average recommendation of “Buy” from the four research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.20.

A number of analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Constellium from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. UBS Group assumed coverage on Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd.

Check Out Our Latest Stock Analysis on Constellium

Constellium Stock Performance

Constellium stock opened at $22.11 on Thursday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52. The stock has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $18.38. Constellium has a 52-week low of $13.40 and a 52-week high of $22.17. The firm has a market capitalization of $3.19 billion, a P/E ratio of 23.77 and a beta of 1.69.

Constellium (NYSE:CSTMGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.23). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. As a group, analysts anticipate that Constellium will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Constellium by 239.5% during the fourth quarter. Bank of America Corp DE now owns 1,826,280 shares of the industrial products company’s stock worth $21,605,000 after buying an additional 3,135,115 shares during the last quarter. Norges Bank bought a new position in Constellium during the fourth quarter worth about $17,057,000. Millennium Management LLC boosted its holdings in Constellium by 517.4% during the second quarter. Millennium Management LLC now owns 1,463,960 shares of the industrial products company’s stock worth $19,339,000 after buying an additional 1,226,857 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Constellium by 84.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock worth $51,860,000 after buying an additional 1,192,105 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Constellium by 2,745.7% during the third quarter. Principal Financial Group Inc. now owns 1,016,502 shares of the industrial products company’s stock worth $18,500,000 after buying an additional 980,781 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

About Constellium

(Get Free Report

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, automotive, other transportation and industrial end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

Further Reading

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