Constellium (NYSE:CSTM) Shares Gap Down – Time to Sell?

Constellium SE (NYSE:CSTM) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.93, but opened at $12.00. Constellium shares last traded at $12.31, with a volume of 1,288,365 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft decreased their price target on Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets decreased their price objective on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Constellium has a consensus rating of “Buy” and a consensus price target of $23.80.

Constellium Price Performance

The business has a 50 day moving average of $15.92 and a 200 day moving average of $18.31. The company has a market cap of $1.61 billion, a PE ratio of 13.66 and a beta of 1.59. 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 (NYSE:CSTM) last announced its quarterly earnings results 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. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, research analysts predict that Constellium SE will post 1.54 EPS for the current year.

Hedge Funds Weigh In On Constellium

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after buying an additional 676 shares in the last quarter. Blue Trust Inc. increased its holdings in Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,753 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Constellium in the 2nd quarter worth about $85,000. Quarry LP increased its holdings in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after buying an additional 3,735 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after buying an additional 933 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

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.