Constellium SE (NYSE:CSTM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Constellium SE (NYSE:CSTM) have earned a consensus rating of “Buy” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.00.

A number of brokerages recently issued reports on CSTM. JPMorgan Chase & Co. dropped their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Finally, BMO Capital Markets cut their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th.

Constellium Stock Performance

Shares of NYSE CSTM opened at $16.75 on Thursday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 18.61 and a beta of 1.60. The stock’s fifty day moving average price is $16.85 and its two-hundred day moving average price is $19.26. Constellium has a one year low of $14.12 and a one year high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities analysts forecast that Constellium will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Constellium

Several hedge funds have recently bought and sold shares of the company. CWM LLC boosted its holdings in shares of Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Constellium in the second quarter worth approximately $85,000. Quarry LP grew its position in Constellium by 290.0% during the second 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. Signaturefd LLC raised its stake 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, Advisors Asset Management Inc. lifted its holdings in shares of Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,625 shares during the last quarter. 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.