Constellium SE (NYSE:CSTM) Receives Average Rating of “Buy” from Analysts

Shares of Constellium SE (NYSE:CSTM) have been given an average recommendation of “Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.00.

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Finally, BMO Capital Markets boosted their price target on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th.

Constellium Stock Performance

Shares of NYSE CSTM opened at $27.61 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 14.31 and a beta of 1.43. The stock’s fifty day moving average price is $24.59 and its two-hundred day moving average price is $19.79. Constellium has a one year low of $7.32 and a one year high of $27.97.

Constellium (NYSE:CSTM) last posted its earnings results on Thursday, February 19th. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The company’s revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.34) earnings per share. On average, equities analysts forecast that Constellium will post 1.1 EPS for the current year.

Constellium declared that its Board of Directors has authorized a stock buyback plan on Thursday, March 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, SVP Marcus Becker sold 1,113 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total transaction of $28,793.31. Following the sale, the senior vice president directly owned 33,237 shares of the company’s stock, valued at approximately $859,841.19. This represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Philippe Hoffmann sold 4,728 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total value of $122,313.36. Following the completion of the transaction, the insider owned 182,120 shares in the company, valued at $4,711,444.40. The trade was a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 214,543 shares of company stock worth $5,565,129. 1.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Constellium

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in shares of Constellium by 28.2% during the 4th quarter. Hsbc Holdings PLC now owns 73,436 shares of the industrial products company’s stock worth $1,382,000 after acquiring an additional 16,164 shares during the period. Invesco Ltd. boosted its position in shares of Constellium by 16.2% during the 4th quarter. Invesco Ltd. now owns 164,654 shares of the industrial products company’s stock worth $3,104,000 after acquiring an additional 22,942 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Constellium by 46.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,277 shares of the industrial products company’s stock valued at $665,000 after acquiring an additional 11,267 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Constellium during the fourth quarter valued at approximately $321,000. Finally, Mackenzie Financial Corp raised its position in Constellium by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 512 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Company Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.