Constellium SE (NYSE:CSTM) Receives Consensus Recommendation of “Buy” from Analysts

Constellium SE (NYSE:CSTM) has been given a consensus rating of “Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $29.00.

CSTM has been the subject of a number of research reports. BMO Capital Markets upped their price target on shares of Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wells Fargo & Company raised their target price on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th.

Constellium Trading Down 6.2%

NYSE CSTM opened at $24.70 on Wednesday. Constellium has a one year low of $7.32 and a one year high of $27.41. The company’s 50 day moving average price is $23.13 and its 200 day moving average price is $18.48. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.51 and a current ratio of 1.29. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 12.80 and a beta of 1.48.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.44. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned ($0.34) earnings per share. Constellium’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, sell-side analysts predict that Constellium will post 1.1 EPS for the current year.

Insider Activity at Constellium

In related news, Director Isabelle Boccon-Gibod sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the completion of the sale, the director directly owned 23,000 shares of the company’s stock, valued at approximately $592,710. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen Charles Walters sold 1,500 shares of Constellium stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 113,270 shares of company stock valued at $2,966,408.

Institutional Trading of Constellium

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in Constellium in the third quarter valued at about $2,876,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Constellium by 89.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock worth $1,811,000 after purchasing an additional 57,337 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Constellium by 14.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock valued at $23,008,000 after purchasing an additional 214,987 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Constellium during the 3rd quarter valued at approximately $1,969,000. Finally, SG Americas Securities LLC boosted its stake in shares of Constellium by 97.2% during the 3rd quarter. SG Americas Securities LLC now owns 889,288 shares of the industrial products company’s stock valued at $13,233,000 after buying an additional 438,412 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.