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

Constellium (NYSE:CSTM) had its target price dropped by BMO Capital Markets from $22.00 to $18.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 68.38% from the company’s previous close.

CSTM has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $12.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Stock Performance

Shares of NYSE CSTM traded down $0.04 during midday trading on Thursday, hitting $10.69. 286,617 shares of the company’s stock traded hands, compared to its average volume of 1,031,533. Constellium has a 1 year low of $10.49 and a 1 year high of $23.20. The firm has a fifty day moving average of $15.82 and a 200 day moving average of $18.26. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.88 and a beta of 1.59.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSTM. Westwood Holdings Group Inc. boosted its position in Constellium by 12,970.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company’s stock valued at $61,839,000 after purchasing an additional 2,775,469 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Constellium by 19.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock valued at $68,598,000 after purchasing an additional 504,421 shares during the last quarter. Kailix Advisors LLC lifted its stake in Constellium by 40.0% during the second quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock valued at $29,222,000 after buying an additional 413,605 shares in the last quarter. Millennium Management LLC raised its stake in Constellium by 29.9% during the 2nd quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company’s stock valued at $22,127,000 after purchasing an additional 270,475 shares during the period. Finally, Highland Peak Capital LLC boosted its position in Constellium by 14.1% during the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after acquiring an additional 234,756 shares during the period. Institutional investors and hedge funds 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.