Constellium SE (NYSE:CSTM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Constellium SE (NYSE:CSTM) have earned a consensus rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.00.

CSTM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. decreased their target price on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Finally, BMO Capital Markets dropped their price target on Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th.

Institutional Trading of Constellium

Several hedge funds and other institutional investors have recently made changes to their positions in CSTM. CWM LLC raised its holdings in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Constellium by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock valued at $794,000 after buying an additional 698 shares during the period. Signaturefd LLC boosted its stake in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after buying an additional 933 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in Constellium by 2.4% during the fourth quarter. Hohimer Wealth Management LLC now owns 51,354 shares of the industrial products company’s stock worth $1,025,000 after acquiring an additional 1,203 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Constellium by 29.9% in the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,625 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Stock Down 3.2 %

CSTM opened at $15.75 on Thursday. Constellium has a one year low of $14.12 and a one year high of $23.20. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The stock has a market capitalization of $2.27 billion, a P/E ratio of 17.49 and a beta of 1.60. The business’s 50-day simple moving average is $16.52 and its 200-day simple moving average is $19.12.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. Analysts anticipate that Constellium will post 1.6 EPS for the current year.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.