Constellium (NYSE:CSTM) Sets New 12-Month High – Time to Buy?

Constellium SE (NYSE:CSTM)’s stock price reached a new 52-week high on Friday . The company traded as high as $19.41 and last traded at $19.3170, with a volume of 64993 shares changing hands. The stock had previously closed at $18.85.

Analyst Ratings Changes

CSTM has been the subject of a number of research analyst reports. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wells Fargo & Company increased their price objective on Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.00.

Constellium Stock Up 2.4%

The company’s 50 day moving average is $17.07 and its two-hundred day moving average is $15.32. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $2.66 billion, a PE ratio of 24.37 and a beta of 1.55.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. On average, analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.

Institutional Trading of Constellium

Several hedge funds and other institutional investors have recently made changes to their positions in CSTM. EverSource Wealth Advisors LLC grew its position in shares of Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 2,002 shares during the period. KBC Group NV acquired a new position in Constellium in the second quarter valued at about $56,000. Quarry LP boosted its stake in Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after buying an additional 1,960 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Constellium during the third quarter valued at about $85,000. Finally, EMC Capital Management acquired a new position in shares of Constellium in the 2nd quarter worth approximately $135,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Company Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.