Analysts Set Constellium SE (NYSE:CSTM) Price Target at $18.00

Shares of Constellium SE (NYSE:CSTM) have earned an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.00.

CSTM has been the topic of several research analyst reports. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Wells Fargo & Company increased their price target on Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday. Finally, Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st.

Constellium Trading Up 1.3%

Shares of CSTM opened at $19.20 on Friday. Constellium has a 1-year low of $7.32 and a 1-year high of $19.38. The company has a 50-day moving average of $16.65 and a 200 day moving average of $15.08. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 24.31 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 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. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the firm earned $0.02 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, research analysts expect that Constellium will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Constellium

A number of institutional investors have recently added to or reduced their stakes in CSTM. CIBC Bancorp USA Inc. purchased a new position in Constellium during the 3rd quarter worth $226,000. PharVision Advisers LLC boosted its holdings in Constellium by 206.6% in the third quarter. PharVision Advisers LLC now owns 33,893 shares of the industrial products company’s stock worth $504,000 after acquiring an additional 22,838 shares in the last quarter. Virtus Advisers LLC purchased a new stake in shares of Constellium during the third quarter worth about $387,000. Voleon Capital Management LP increased its holdings in shares of Constellium by 370.6% during the third quarter. Voleon Capital Management LP now owns 446,347 shares of the industrial products company’s stock valued at $6,642,000 after acquiring an additional 351,503 shares in the last quarter. Finally, Scopus Asset Management L.P. raised its position in shares of Constellium by 23.7% in the 3rd quarter. Scopus Asset Management L.P. now owns 1,306,708 shares of the industrial products company’s stock valued at $19,444,000 after purchasing an additional 250,000 shares during the last quarter. 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.