Constellium SE (NYSE:CSTM) Receives $24.00 Average Target Price from Brokerages

Shares of Constellium SE (NYSE:CSTM) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.00.

Several research firms have recently commented on CSTM. Weiss Ratings reaffirmed 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. Wells Fargo & Company upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $17.00 to $25.00 in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $25.00 price objective on shares of Constellium in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised their target price on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSTM. Farther Finance Advisors LLC grew its stake in shares of Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,467 shares during the period. Allworth Financial LP lifted its holdings in Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Constellium by 578.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares during the period. GAMMA Investing LLC increased 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 worth $58,000 after purchasing an additional 707 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Constellium in the second quarter worth $56,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

NYSE CSTM opened at $24.65 on Friday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 31.20 and a beta of 1.51. Constellium has a 1-year low of $7.32 and a 1-year high of $25.15. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The business’s fifty day moving average price is $20.54 and its 200-day moving average price is $16.98.

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.