Constellium (NYSE:CSTM) Hits New 1-Year High – Should You Buy?

Shares of Constellium SE (NYSE:CSTM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.29 and last traded at $20.3570, with a volume of 116899 shares trading hands. The stock had previously closed at $20.00.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Constellium in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Constellium Stock Up 1.4%

The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The stock has a market cap of $2.80 billion, a P/E ratio of 25.68 and a beta of 1.52. The company’s 50 day moving average price is $17.32 and its two-hundred day moving average price is $15.52.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company earned $0.02 earnings per share. The firm’s revenue was up 20.2% on a year-over-year basis. Equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Institutional Trading of Constellium

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after buying an additional 707 shares during the period. JPMorgan Chase & Co. increased its holdings in Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after acquiring an additional 236,264 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Constellium in the 3rd quarter worth approximately $226,000. PharVision Advisers LLC lifted its holdings in Constellium by 206.6% during the third quarter. PharVision Advisers LLC now owns 33,893 shares of the industrial products company’s stock valued at $504,000 after purchasing an additional 22,838 shares in the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Constellium in the third quarter worth approximately $387,000. 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.