Constellium SE (NYSE:CSTM) Receives Average Recommendation of “Hold” from Brokerages

Constellium SE (NYSE:CSTM) has received an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $24.00.

Several equities research analysts recently commented on the company. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $25.00 price objective on shares of Constellium in a report on Thursday, January 8th. JPMorgan Chase & Co. increased their target price on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wells Fargo & Company upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $25.00 in a research note on Tuesday, January 13th. Finally, Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st.

Institutional Investors Weigh In On Constellium

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased 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 purchasing an additional 2,002 shares during the last quarter. KBC Group NV purchased a new stake in shares of Constellium in the 2nd quarter valued at $56,000. GAMMA Investing LLC grew its holdings in shares of Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares during the last quarter. Quarry LP raised its position in Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Constellium in the third quarter worth $85,000. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Performance

Shares of Constellium stock opened at $22.16 on Tuesday. The company’s fifty day moving average is $18.27 and its 200 day moving average is $16.00. Constellium has a twelve month low of $7.32 and a twelve month high of $23.00. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 28.05 and a beta of 1.52. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. The business had revenue of $2.17 billion during 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 quarter in the prior year, the firm posted $0.02 EPS. Sell-side analysts forecast that Constellium will post 1.1 EPS for the current year.

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.