Constellium SE (NYSE:CSTM) Receives $25.00 Consensus Target Price from Brokerages

Constellium SE (NYSE:CSTM) has been assigned an average rating of “Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $25.00.

CSTM has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price objective 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, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a report on Tuesday, July 16th.

Constellium Price Performance

Shares of NYSE:CSTM opened at $16.14 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The stock has a market cap of $2.33 billion, a PE ratio of 17.93 and a beta of 1.60. The company’s fifty day moving average is $16.65 and its 200 day moving average is $19.18. Constellium has a 52 week low of $14.12 and a 52 week high of $23.20.

Constellium (NYSE:CSTM) last released its earnings results 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. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the company posted $0.35 EPS. Constellium’s revenue for the quarter was down 7.9% on a year-over-year basis. Research analysts anticipate that Constellium will post 1.6 earnings per share for the current year.

Institutional Investors Weigh In On Constellium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Constellium during the fourth quarter valued at approximately $18,845,000. Vaughan Nelson Investment Management L.P. raised its stake in Constellium by 8.3% during 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. boosted its holdings in Constellium by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after acquiring an additional 145,604 shares in the last quarter. Sei Investments Co. grew its stake in shares of Constellium by 170.2% in the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock worth $6,183,000 after acquiring an additional 176,158 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Constellium during the first quarter valued at $1,106,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.