Shares of Constellium SE (NYSE:CSTM – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.00 and traded as low as $10.17. Constellium shares last traded at $10.45, with a volume of 1,443,214 shares.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. BMO Capital Markets reduced their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.50.
Get Our Latest Stock Analysis on CSTM
Constellium Trading Up 1.0 %
Constellium (NYSE:CSTM – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.64 billion during 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% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, research analysts predict that Constellium SE will post 0.68 EPS for the current year.
Institutional Trading of Constellium
Several institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. Geneos Wealth Management Inc. purchased a new position in shares of Constellium during the fourth quarter valued at about $31,000. Blue Trust Inc. increased its stake 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 acquiring an additional 1,753 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Constellium during the 2nd quarter worth approximately $85,000. Quarry LP boosted its position in shares of Constellium by 290.0% during the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Constellium by 41.5% in the third quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,805 shares in the last quarter. 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.
Further Reading
- Five stocks we like better than Constellium
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- Insider Trades May Not Tell You What You Think
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- Upcoming IPO Stock Lockup Period, Explained
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for Constellium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium and related companies with MarketBeat.com's FREE daily email newsletter.