Constellium SE (NYSE:CSTM) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

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

Institutional Investors Weigh In On Constellium

Hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. boosted its holdings in shares of Constellium by 47.7% during the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after acquiring an additional 1,334,550 shares during the period. Rubric Capital Management LP lifted its holdings in Constellium by 0.9% during the 2nd quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock worth $69,046,000 after purchasing an additional 32,548 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Constellium by 8.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock valued at $63,339,000 after purchasing an additional 257,618 shares during the period. Highland Peak Capital LLC grew its holdings in Constellium by 14.1% in the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock valued at $35,860,000 after buying an additional 234,756 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Constellium by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock worth $37,563,000 after buying an additional 21,569 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Performance

CSTM stock opened at $11.95 on Friday. Constellium has a 1-year low of $10.49 and a 1-year high of $23.20. The business’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $17.52. The firm has a market cap of $1.72 billion, a PE ratio of 16.15 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. Constellium’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 firm posted $0.47 earnings per share. As a group, research analysts forecast that Constellium will post 0.71 earnings per share for the current year.

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.