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 research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.00.

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

Constellium Trading Down 1.5 %

NYSE:CSTM opened at $10.19 on Friday. The firm has a market cap of $1.47 billion, a P/E ratio of 13.77 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 has a 12-month low of $9.98 and a 12-month high of $23.20. The stock’s 50 day simple moving average is $11.68 and its 200-day simple moving average is $15.28.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.47 earnings per share. Equities analysts anticipate that Constellium will post 0.71 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Constellium by 863.5% during the third 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 purchased a new position in Constellium during the 2nd quarter valued at about $85,000. Quarry LP increased its stake in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after buying an additional 3,735 shares during the period. Signaturefd LLC raised its holdings 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 worth $127,000 after acquiring an additional 933 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Constellium during the 3rd quarter valued at about $168,000. Institutional investors own 92.59% of the company’s stock.

Constellium Company Profile

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.