Constellium (NYSE:CSTM) Reaches New 52-Week High – Should You Buy?

Constellium SE (NYSE:CSTM)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $18.78 and last traded at $18.73, with a volume of 1989327 shares. The stock had previously closed at $18.22.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Constellium currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Constellium Price Performance

The firm has a 50-day moving average of $16.41 and a 200-day moving average of $14.92. The stock has a market cap of $2.58 billion, a PE ratio of 23.71 and a beta of 1.55. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54.

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

Institutional Trading of Constellium

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Encompass Capital Advisors LLC grew its position in Constellium by 59.7% in the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after acquiring an additional 2,005,216 shares in the last quarter. Millennium Management LLC lifted its position in Constellium by 35.4% in the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after buying an additional 1,813,400 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Constellium by 139.7% during the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock worth $28,879,000 after buying an additional 1,265,401 shares during the period. Cooper Creek Partners Management LLC increased its position in Constellium by 244.6% during the second quarter. Cooper Creek Partners Management LLC now owns 1,666,521 shares of the industrial products company’s stock valued at $22,165,000 after acquiring an additional 1,182,966 shares during the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in shares of Constellium in the second quarter valued at $14,054,000. 92.59% of the stock is currently owned by institutional investors.

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.