Constellium SE (NYSE:CSTM) Given Average Rating of “Buy” by Analysts

Constellium SE (NYSE:CSTM) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.60.

Several research analysts recently weighed in on CSTM shares. Wells Fargo & Company boosted their price target on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Weiss Ratings upgraded Constellium from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $40.00 price objective on shares of Constellium in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th.

Insiders Place Their Bets

In other Constellium news, Director John Ormerod sold 8,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $35.01, for a total transaction of $280,080.00. Following the completion of the transaction, the director owned 24,873 shares in the company, valued at $870,803.73. This trade represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ludovic Piquier sold 1,000 shares of Constellium stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $33.57, for a total transaction of $33,570.00. Following the completion of the transaction, the senior vice president owned 241,713 shares of the company’s stock, valued at $8,114,305.41. The trade was a 0.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 195,153 shares of company stock worth $6,369,312 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after acquiring an additional 1,813,400 shares in the last quarter. Encompass Capital Advisors LLC grew its position in shares of Constellium by 9.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock valued at $87,802,000 after purchasing an additional 393,640 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Constellium by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after purchasing an additional 755,918 shares in the last quarter. Morgan Stanley raised its stake in shares of Constellium by 48.4% during the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after purchasing an additional 1,216,516 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Constellium by 620.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock valued at $79,345,000 after purchasing an additional 2,780,260 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Trading Up 1.1%

NYSE CSTM opened at $34.06 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The business has a fifty day simple moving average of $32.67 and a 200 day simple moving average of $26.11. Constellium has a 12 month low of $12.68 and a 12 month high of $36.99. The firm has a market capitalization of $4.64 billion, a P/E ratio of 11.02 and a beta of 1.55.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. On average, analysts predict that Constellium will post 3.34 EPS for the current fiscal year.

Constellium declared that its board has authorized a stock repurchase program on Thursday, March 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 8.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.