Constellium (NYSE:CSTM) Price Target Lowered to $18.00 at BMO Capital Markets

Constellium (NYSE:CSTM) had its target price lowered by BMO Capital Markets from $22.00 to $18.00 in a report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on CSTM. JPMorgan Chase & Co. lowered their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $12.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Constellium currently has an average rating of “Moderate Buy” and an average price target of $21.00.

Constellium Stock Up 2.6 %

Shares of CSTM traded up $0.28 during midday trading on Thursday, reaching $11.13. 457,173 shares of the company were exchanged, compared to its average volume of 1,052,881. Constellium has a 1-year low of $10.49 and a 1-year high of $23.20. The stock has a 50-day moving average price of $15.71 and a 200-day moving average price of $18.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 12.06 and a beta of 1.59.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm posted $0.47 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. Research analysts expect that Constellium will post 1.54 earnings per share for the current year.

Institutional Investors Weigh In On Constellium

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. increased its holdings in Constellium by 8.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock valued at $63,339,000 after buying an additional 257,618 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Constellium by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock valued at $34,490,000 after acquiring an additional 145,604 shares in the last quarter. Sei Investments Co. raised its position in shares of Constellium by 170.2% during the 1st quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock valued at $6,183,000 after acquiring an additional 176,158 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Constellium in the first quarter worth $1,106,000. Finally, Acadian Asset Management LLC increased its stake in Constellium by 26,490.3% during the first quarter. Acadian Asset Management LLC now owns 197,034 shares of the industrial products company’s stock valued at $4,348,000 after purchasing an additional 196,293 shares during the last quarter. Institutional investors 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.