Brokerages Set Constellium SE (NYSE:CSTM) Target Price at $25.60

Shares of Constellium SE (NYSE:CSTM) have earned an average recommendation of “Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.40.

A number of analysts have weighed in on CSTM shares. JPMorgan Chase & Co. reduced their price target on shares of Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group initiated coverage on Constellium in a research report on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price objective for the company. Benchmark restated a “buy” rating and issued a $24.00 target price on shares of Constellium in a research note on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd.

Institutional Trading of Constellium

Hedge funds have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its holdings in Constellium by 84.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock valued at $51,860,000 after purchasing an additional 1,192,105 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Constellium by 2,745.7% in the third quarter. Principal Financial Group Inc. now owns 1,016,502 shares of the industrial products company’s stock valued at $18,500,000 after buying an additional 980,781 shares during the last quarter. Rubric Capital Management LP grew its holdings in Constellium by 49.6% during the 4th quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company’s stock worth $58,372,000 after acquiring an additional 970,164 shares during the last quarter. Norges Bank acquired a new stake in Constellium in the 4th quarter valued at about $18,845,000. Finally, Cannell & Co. raised its stake in shares of Constellium by 29.3% in the fourth quarter. Cannell & Co. now owns 2,561,727 shares of the industrial products company’s stock worth $51,132,000 after acquiring an additional 580,500 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Performance

NYSE:CSTM opened at $20.70 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.01. Constellium has a 1 year low of $13.77 and a 1 year high of $23.20. The firm’s fifty day simple moving average is $20.63 and its 200 day simple moving average is $18.97. The firm has a market capitalization of $2.99 billion, a PE ratio of 23.00 and a beta of 1.71.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.15). Constellium had a net margin of 1.73% and a return on equity of 15.68%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.71 billion. On average, sell-side analysts anticipate that Constellium will post 1.79 EPS for the current year.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.