Constellium (NYSE:CSTM) Given New $29.00 Price Target at JPMorgan Chase & Co.

Constellium (NYSE:CSTM) had its price objective increased by JPMorgan Chase & Co. from $26.00 to $29.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

CSTM has been the topic of a number of other reports. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. BMO Capital Markets lifted their target price on shares of Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Constellium has an average rating of “Moderate Buy” and an average price target of $29.00.

Constellium Trading Down 1.5%

Shares of Constellium stock traded down $0.39 during trading on Thursday, hitting $25.42. The stock had a trading volume of 218,516 shares, compared to its average volume of 1,790,740. The stock has a market cap of $3.50 billion, a PE ratio of 13.12 and a beta of 1.51. Constellium has a 12 month low of $7.32 and a 12 month high of $27.25. The firm’s fifty day simple moving average is $21.60 and its 200-day simple moving average is $17.52. 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, February 18th. The industrial products company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.36 by $0.44. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 33.74%. The firm’s revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.34) EPS. As a group, sell-side analysts expect that Constellium will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CSTM. Farther Finance Advisors LLC lifted its position in shares of Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares in the last quarter. Allworth Financial LP grew its position in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares in the last quarter. KBC Group NV purchased a new position in Constellium during the second quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its holdings in Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after buying an additional 707 shares in the last quarter. Institutional investors and hedge funds 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.