Analysts Set Constellium SE (NYSE:CSTM) Target Price at $21.00

Shares of Constellium SE (NYSE:CSTM) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of equities research analysts recently issued reports on CSTM shares. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. JPMorgan Chase & Co. reduced their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, BMO Capital Markets lowered their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th.

Constellium Price Performance

NYSE:CSTM opened at $9.97 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium has a 52 week low of $9.95 and a 52 week high of $23.20. The stock’s 50-day moving average price is $11.58 and its 200-day moving average price is $15.14. The stock has a market capitalization of $1.44 billion, a PE ratio of 13.47 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 10.83% and a net margin of 1.47%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. As a group, equities analysts expect that Constellium will post 0.71 EPS for the current fiscal year.

Institutional Trading of Constellium

Large investors have recently bought and sold shares of the business. 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 valued at $32,000 after buying an additional 1,753 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Constellium during the 2nd quarter valued at about $85,000. Quarry LP grew its holdings in shares of Constellium by 290.0% in 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 period. Signaturefd LLC increased its position in Constellium by 16.0% during 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 last quarter. Finally, Ballentine Partners LLC purchased a new position in Constellium during the third quarter worth about $168,000. 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.