Constellium (NYSE:CSTM) Reaches New 12-Month High – What’s Next?

Constellium SE (NYSE:CSTM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.83 and last traded at $24.5280, with a volume of 2839133 shares changing hands. The stock had previously closed at $23.70.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. 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 research note on Tuesday, January 13th. Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $25.00 price target on shares of Constellium in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. 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 report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Constellium Stock Performance

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’s 50-day simple moving average is $19.94 and its two-hundred day simple moving average is $16.69. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 31.05 and a beta of 1.51.

Institutional Trading of Constellium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased 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 buying an additional 1,467 shares during the period. EverSource Wealth Advisors LLC increased its position in 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 during the 2nd quarter valued at $56,000. GAMMA Investing LLC boosted its holdings in Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares during the period. Finally, Quarry LP boosted its holdings in 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. Institutional investors and hedge funds 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.