Constellium SE (NYSE:CSTM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Constellium SE (NYSE:CSTM) have been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.00.

CSTM has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $12.00 in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th.

Constellium Stock Up 2.2 %

NYSE:CSTM opened at $10.52 on Friday. Constellium has a twelve month low of $9.95 and a twelve month high of $23.20. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.22 and a beta of 1.69. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The stock’s 50 day moving average price is $11.37 and its two-hundred day moving average price is $14.87.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. Constellium’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Equities research analysts expect that Constellium will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in shares of Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock valued at $13,387,000 after acquiring an additional 111,390 shares during the period. Point72 Asset Management L.P. acquired a new stake in Constellium during the second quarter worth about $3,567,000. Maverick Capital Ltd. bought a new position in Constellium in the 3rd quarter valued at about $1,372,000. SG Americas Securities LLC acquired a new position in shares of Constellium in the 3rd quarter valued at approximately $683,000. Finally, Kailix Advisors LLC lifted its holdings in shares of Constellium by 14.8% during the 3rd quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company’s stock worth $26,998,000 after acquiring an additional 213,763 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.