Constellium SE (NYSE:CSTM) Stock Has Average Target Price of $35.60 According to Analysts

Shares of Constellium SE (NYSE:CSTM) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.60.

Several research analysts have weighed in on CSTM shares. Weiss Ratings downgraded shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. UBS Group cut their price objective on shares of Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on Constellium in a research note on Thursday, July 30th. Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. Finally, Wells Fargo & Company cut their price target on Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, September 18th.

Constellium Trading Up 1.2%

Constellium stock opened at $24.92 on Friday. Constellium has a 52-week low of $14.39 and a 52-week high of $36.99. The company has a market cap of $3.38 billion, a P/E ratio of 6.42 and a beta of 1.55. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The business has a 50-day simple moving average of $27.51 and a two-hundred day simple moving average of $29.41.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.18. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The business’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. Analysts predict that Constellium will post 3.7 EPS for the current year.

Insider Activity at Constellium

In related news, Director Jean-Christophe Deslarzes acquired 1,490 shares of the stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $27.24 per share, with a total value of $40,587.60. Following the transaction, the director directly owned 43,515 shares in the company, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Constellium

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. Encompass Capital Advisors LLC boosted its position in shares of Constellium by 9.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock worth $87,802,000 after purchasing an additional 393,640 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Constellium by 620.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock valued at $79,345,000 after purchasing an additional 2,780,260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Constellium by 894.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company’s stock valued at $50,545,000 after purchasing an additional 1,849,554 shares during the period. SG Americas Securities LLC lifted its stake in shares of Constellium by 53.6% during the 1st quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock valued at $36,808,000 after buying an additional 522,725 shares in the last quarter. Finally, Beaconlight Capital LLC lifted its stake in shares of Constellium by 5.2% during the 4th quarter. Beaconlight Capital LLC now owns 1,339,934 shares of the industrial products company’s stock valued at $25,258,000 after buying an additional 66,429 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Company Profile

Constellium SE is a global manufacturer of value-added aluminum products and solutions. The company produces rolled, extruded and other fabricated aluminum products used in transportation, aerospace, automotive, packaging and industrial applications.

Its offerings include aluminum sheets, plates, coils, extrusions and structural components, as well as beverage can materials, foil stock, automotive body and structural parts, and aerospace components. Constellium also operates recycling activities that support the reuse of aluminum and the production of lower-carbon materials.

Constellium serves customers through manufacturing and engineering operations in North America, Europe and other international markets.