Constellium SE (NYSE:CSTM) Receives $36.60 Consensus Target Price from Brokerages

Constellium SE (NYSE:CSTM) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.60.

CSTM has been the topic of a number of analyst reports. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $40.00 target price on shares of Constellium in a report on Thursday, April 30th. Finally, UBS Group initiated coverage on shares of Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 target price on the stock.

Insider Buying and Selling

In other news, Director Bradley Lee Soultz acquired 2,500 shares of Constellium stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $33.84 per share, with a total value of $84,600.00. Following the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately $84,600. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin Jarrett sold 4,716 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $33.46, for a total transaction of $157,797.36. Following the completion of the sale, the senior vice president directly owned 15,375 shares of the company’s stock, valued at $514,447.50. The trade was a 23.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 5,490 shares of company stock worth $167,089 and have sold 374,235 shares worth $10,855,038. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Constellium

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares in the last quarter. Allworth Financial LP grew its position in Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares in the last quarter. GAMMA Investing LLC grew its position in Constellium by 29.7% in 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. Finally, Quarry LP grew its position in Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Shares of NYSE CSTM opened at $33.26 on Monday. The firm’s 50-day moving average price is $29.10 and its 200-day moving average price is $23.60. Constellium has a 1-year low of $11.23 and a 1-year high of $34.94. The firm has a market capitalization of $4.53 billion, a P/E ratio of 10.76 and a beta of 1.54. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts anticipate that Constellium will post 3.34 earnings per share for the current fiscal year.

Constellium announced that its board has authorized a share buyback program on Thursday, March 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Constellium Company Profile

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.