Constellium (NYSE:CSTM) Price Target Cut to $24.00 by Analysts at JPMorgan Chase & Co.

Constellium (NYSE:CSTM) had its price target lowered by JPMorgan Chase & Co. from $25.00 to $24.00 in a report published on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

A number of other analysts have also issued reports on CSTM. BMO Capital Markets dropped their target price on Constellium from $24.00 to $22.00 and set an outperform rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellium from $23.00 to $22.00 and set a buy rating on the stock in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Constellium has an average rating of Buy and a consensus price target of $23.80.

Constellium Price Performance

NYSE:CSTM opened at $14.55 on Friday. The company has a 50 day moving average price of $16.03 and a 200-day moving average price of $18.72. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 16.16 and a beta of 1.59.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. Equities research analysts forecast that Constellium will post 1.54 EPS for the current year.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in shares of 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 acquiring an additional 676 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Constellium in the second quarter valued at approximately $85,000. Quarry LP raised its stake in Constellium by 290.0% during the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 3,735 shares in the last quarter. Signaturefd LLC grew 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 worth $127,000 after purchasing an additional 933 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Constellium by 29.9% during the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,625 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

About Constellium

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.