Constellium SE (NYSE:CSTM) Receives $21.33 Average Target Price from Analysts

Shares of Constellium SE (NYSE:CSTM) have been given an average rating of “Hold” by the five ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $24.00.

CSTM has been the topic of a number of analyst reports. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Wells Fargo & Company upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $17.00 to $25.00 in a research report on Tuesday. Finally, Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th.

Constellium Stock Performance

Shares of Constellium stock opened at $22.16 on Tuesday. The firm has a fifty day moving average of $18.15 and a two-hundred day moving average of $15.93. 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 $3.05 billion, a price-to-earnings ratio of 28.05 and a beta of 1.52. Constellium has a 52 week low of $7.32 and a 52 week high of $23.00.

Constellium (NYSE:CSTM) last released its earnings results 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. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, equities research analysts predict that Constellium will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 2,002 shares during the period. KBC Group NV acquired a new position in Constellium in the 2nd quarter worth $56,000. GAMMA Investing LLC increased its holdings in Constellium by 29.7% during the 4th 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. Quarry LP raised its stake in shares of Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,960 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Constellium in the third quarter valued at about $85,000. 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.