Constellium SE (NYSE:CSTM) Receives Consensus Recommendation of “Hold” from Brokerages

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

A number of brokerages have issued reports on CSTM. Wells Fargo & Company raised Constellium from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $25.00 in a report on Tuesday, January 13th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th.

Constellium Stock Performance

NYSE CSTM opened at $24.67 on Friday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 31.23 and a beta of 1.51. The stock has a 50-day simple moving average of $20.83 and a two-hundred day simple moving average of $17.11. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. Constellium has a fifty-two week low of $7.32 and a fifty-two week high of $25.39.

Hedge Funds Weigh In On Constellium

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of Constellium by 35.4% during the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after buying an additional 1,813,400 shares in the last quarter. Encompass Capital Advisors LLC raised its position in Constellium by 59.7% during the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after acquiring an additional 2,005,216 shares during the period. Vanguard Group Inc. lifted its holdings in Constellium by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after purchasing an additional 755,918 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Constellium by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after purchasing an additional 236,264 shares during the period. Finally, Soapstone Management L.P. increased its stake in shares of Constellium by 12.6% during the second quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock worth $23,628,000 after purchasing an additional 199,360 shares in 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.