Constellium SE (NYSE:CSTM) Receives $18.00 Average Target Price from Brokerages

Shares of Constellium SE (NYSE:CSTM) have received an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.00.

Several analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a report on Monday, December 15th. Wells Fargo & Company increased their price objective on shares of Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th.

Hedge Funds Weigh In On Constellium

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Constellium by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock worth $1,038,000 after purchasing an additional 1,006 shares in the last quarter. Rockingstone Advisors LLC boosted its stake in shares of Constellium by 0.6% during the 3rd quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock worth $3,196,000 after purchasing an additional 1,285 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Constellium by 1.0% during the third quarter. Alliancebernstein L.P. now owns 157,750 shares of the industrial products company’s stock worth $2,347,000 after buying an additional 1,500 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Constellium by 3.9% during the second quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock worth $582,000 after buying an additional 1,659 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Constellium by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock valued at $193,000 after buying an additional 1,848 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Trading Up 2.8%

Shares of CSTM opened at $18.73 on Friday. The firm’s 50-day moving average is $16.49 and its two-hundred day moving average is $14.99. Constellium has a twelve month low of $7.32 and a twelve month high of $18.78. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $2.58 billion, a P/E ratio of 23.71 and a beta of 1.55.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the firm posted $0.02 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. On average, research analysts predict that Constellium will post 1.1 earnings per share for the current fiscal year.

About Constellium

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.