Constellium (NYSE:CSTM) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Constellium SE (NYSE:CSTM)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.07 and traded as high as $19.08. Constellium shares last traded at $18.84, with a volume of 657,106 shares traded.

Analysts Set New Price Targets

CSTM has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a report on Monday. JPMorgan Chase & Co. upped their target price on Constellium from $17.00 to $22.00 and gave the stock an “overweight” 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 research report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Constellium has a consensus rating of “Hold” and an average target price of $18.00.

Constellium Price Performance

The firm has a fifty day moving average of $17.07 and a two-hundred day moving average of $15.32. 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 company has a market capitalization of $2.60 billion, a PE ratio of 23.85 and a beta of 1.55.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.25. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.79 billion. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share. Research analysts anticipate that Constellium SE will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently added to or reduced their stakes in CSTM. Hsbc Holdings PLC increased its position in shares of Constellium by 19.4% in the first quarter. Hsbc Holdings PLC now owns 31,894 shares of the industrial products company’s stock valued at $320,000 after acquiring an additional 5,187 shares during the period. Ieq Capital LLC purchased a new stake in shares of Constellium during the first quarter worth about $157,000. State of Wyoming grew its stake in shares of Constellium by 25.6% in the first quarter. State of Wyoming now owns 27,343 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 5,570 shares during the last quarter. Royal Bank of Canada increased its holdings in Constellium by 5.3% during the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 3,629 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its position in Constellium by 47.8% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 441,500 shares of the industrial products company’s stock valued at $4,455,000 after purchasing an additional 142,726 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.