Constellium SE (NYSE:CSTM) Receives $21.33 Consensus Target Price from Brokerages

Constellium SE (NYSE:CSTM) has earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.00.

Several research firms have recently commented on CSTM. JPMorgan Chase & Co. raised their price objective on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $25.00 target price on shares of Constellium in a report on Thursday, January 8th. Finally, Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st.

Constellium Price Performance

CSTM opened at $22.91 on Tuesday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. The stock has a market capitalization of $3.16 billion, a PE ratio of 29.00 and a beta of 1.52. The stock’s 50 day moving average price is $18.03 and its 200-day moving average price is $15.86. Constellium has a 52-week low of $7.32 and a 52-week high of $23.00.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities research analysts predict that Constellium will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Constellium

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSTM. Allspring Global Investments Holdings LLC increased its position in shares of Constellium by 9.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 52,482 shares of the industrial products company’s stock valued at $1,038,000 after purchasing an additional 4,636 shares during the last quarter. SG Americas Securities LLC increased its position in Constellium by 9.6% during the fourth quarter. SG Americas Securities LLC now owns 974,735 shares of the industrial products company’s stock valued at $18,374,000 after acquiring an additional 85,447 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Constellium by 33.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,113 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 12,726 shares during the period. GAMMA Investing LLC raised its stake in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 707 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after acquiring an additional 236,264 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.