JPMorgan Chase & Co. Trims Constellium (NYSE:CSTM) Target Price to $27.00

Constellium (NYSE:CSTM) had its target price trimmed by JPMorgan Chase & Co. from $28.00 to $27.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Several other research firms have also issued reports on CSTM. UBS Group assumed coverage on shares of Constellium in a research report on Tuesday, January 16th. They set a buy rating and a $27.00 price target for the company. Benchmark restated a buy rating and set a $24.00 target price on shares of Constellium in a report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Constellium from $21.00 to $24.00 and gave the stock a buy rating in a research report on Tuesday, January 23rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $25.40.

Constellium Stock Performance

Shares of NYSE CSTM opened at $20.70 on Thursday. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 23.00 and a beta of 1.71. The stock’s 50-day moving average is $20.63 and its 200 day moving average is $18.94. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.01. Constellium has a 1-year low of $13.77 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.15). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Constellium had a return on equity of 15.68% and a net margin of 1.73%. On average, sell-side analysts anticipate that Constellium will post 1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its position in shares of Constellium by 12.2% in the 3rd quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock worth $119,000 after buying an additional 716 shares during the last quarter. Spire Wealth Management lifted its stake in Constellium by 11.2% in the third quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 1,042 shares during the period. Highland Capital Management LLC bought a new stake in Constellium in the fourth quarter valued at $201,000. M&T Bank Corp purchased a new position in Constellium during the 4th quarter valued at $203,000. Finally, Teza Capital Management LLC bought a new position in Constellium in the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

About Constellium

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.