Constellium (NYSE:CSTM) Price Target Cut to $18.00 by Analysts at BMO Capital Markets

Constellium (NYSE:CSTM) had its target price trimmed by BMO Capital Markets from $22.00 to $18.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Several other research firms have also recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $12.00 in a report on Thursday. JPMorgan Chase & Co. dropped 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Constellium Stock Up 4.6 %

CSTM stock opened at $11.35 on Thursday. Constellium has a twelve month low of $10.49 and a twelve month high of $23.20. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The business has a 50 day moving average of $15.62 and a 200 day moving average of $18.07. The firm has a market cap of $1.64 billion, a PE ratio of 12.61 and a beta of 1.59.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business earned $0.47 EPS. Constellium’s revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that Constellium will post 1.54 EPS for the current fiscal year.

Institutional Trading of Constellium

Several hedge funds have recently bought and sold shares of CSTM. CWM LLC grew its position in shares of Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 676 shares in the last quarter. 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 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares in 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.