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

Shares of Constellium SE (NYSE:CSTM) have been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $25.00.

A number of research analysts recently weighed in on CSTM shares. JPMorgan Chase & Co. dropped their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. BMO Capital Markets cut their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a report on Tuesday, July 16th.

Constellium Stock Down 3.2 %

Shares of NYSE CSTM opened at $15.75 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 business’s 50 day moving average is $16.52 and its two-hundred day moving average is $19.12. Constellium has a 52-week low of $14.12 and a 52-week high of $23.20. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 17.49 and a beta of 1.60.

Constellium (NYSE:CSTM) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company earned $0.35 EPS. Constellium’s revenue was down 7.9% on a year-over-year basis. Research analysts predict that Constellium will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Constellium

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Constellium during the 4th quarter worth about $18,845,000. Vaughan Nelson Investment Management L.P. lifted 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 worth $63,339,000 after purchasing 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 valued at $34,490,000 after purchasing an additional 145,604 shares in the last quarter. Sei Investments Co. increased its stake in Constellium by 170.2% in the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock valued at $6,183,000 after purchasing an additional 176,158 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Constellium during the first quarter worth approximately $1,106,000. 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.