Constellium SE (NYSE:CSTM) Stock Has Average Price Target of $33.33

Constellium SE (NYSE:CSTM) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $33.33.

Several analysts have issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft lowered their target price on Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Zacks Research cut Constellium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. UBS Group reduced their target price on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Finally, Barclays began coverage on shares of Constellium in a research report on Wednesday. They issued an “equal weight” rating and a $28.00 price target on the stock.

Insider Transactions at Constellium

In related news, Director Jean-Christophe Deslarzes bought 1,490 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the purchase, the director directly owned 43,515 shares in the company, valued at $1,185,348.60. This trade represents a 3.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Constellium in the 2nd quarter valued at about $3,116,000. Lazard Asset Management LLC bought a new position in shares of Constellium in the 1st quarter worth $2,141,000. Globeflex Capital L P purchased a new stake in shares of Constellium during the 2nd quarter valued at $1,022,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Constellium during the 2nd quarter valued at $5,582,000. Finally, SG Americas Securities LLC increased its stake in Constellium by 53.6% in the first quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock valued at $36,808,000 after acquiring an additional 522,725 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Down 1.8%

NYSE:CSTM opened at $25.30 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $3.43 billion, a PE ratio of 6.52 and a beta of 1.57. The firm’s 50 day moving average is $26.54 and its 200 day moving average is $29.49. Constellium has a 12 month low of $14.62 and a 12 month high of $36.99.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company earned $0.25 earnings per share. Constellium’s revenue was up 30.7% compared to the same quarter last year. Sell-side analysts expect that Constellium will post 3.79 earnings per share for the current year.

Constellium Company Profile

Constellium SE (NYSE: CSTM) is a global manufacturer of advanced aluminum products and solutions. The company develops, engineers and produces aluminum rolled, extruded and shaped products for customers in the aerospace, automotive, packaging and industrial markets.

Its products include aluminum sheets, plates, coils, extrusions, structural components and automotive body systems. Constellium also supplies aluminum products used in beverage cans, bottles and other packaging applications, as well as components for aircraft structures, automotive vehicles, commercial transportation and industrial equipment.

Constellium serves customers through manufacturing and research operations across Europe, North America and Asia.