Constellium SE (NYSE:CSTM) Receives $35.60 Average Target Price from Brokerages

Constellium SE (NYSE:CSTM) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.60.

Several research firms have weighed in on CSTM. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a research report on Thursday, July 30th. Wells Fargo & Company decreased their price objective on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. UBS Group dropped their target price on shares of Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 7th.

Insider Buying and Selling at Constellium

In other news, Director Jean-Christophe Deslarzes acquired 1,490 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the transaction, the director directly owned 43,515 shares of the company’s stock, valued at $1,185,348.60. This trade represents a 3.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Constellium

Hedge funds and other institutional investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC lifted its stake in Constellium by 9.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock worth $87,802,000 after purchasing an additional 393,640 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Constellium by 620.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after purchasing an additional 2,780,260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Constellium by 894.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company’s stock worth $50,545,000 after purchasing an additional 1,849,554 shares during the last quarter. SG Americas Securities LLC boosted its position in Constellium by 53.6% during the first quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock valued at $36,808,000 after buying an additional 522,725 shares during the period. Finally, Beaconlight Capital LLC boosted its position in Constellium by 5.2% during the fourth quarter. Beaconlight Capital LLC now owns 1,339,934 shares of the industrial products company’s stock valued at $25,258,000 after buying an additional 66,429 shares during the period. Institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

Shares of CSTM opened at $25.31 on Friday. The firm has a market capitalization of $3.43 billion, a PE ratio of 6.52 and a beta of 1.55. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61. Constellium has a 1-year low of $14.39 and a 1-year high of $36.99. The company’s fifty day moving average price is $27.73 and its 200-day moving average price is $29.45.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. On average, equities research analysts predict that Constellium will post 3.7 EPS for the current year.

About Constellium

Constellium SE is a global manufacturer of value-added aluminum products and solutions. The company produces rolled, extruded and other fabricated aluminum products used in transportation, aerospace, automotive, packaging and industrial applications.

Its offerings include aluminum sheets, plates, coils, extrusions and structural components, as well as beverage can materials, foil stock, automotive body and structural parts, and aerospace components. Constellium also operates recycling activities that support the reuse of aluminum and the production of lower-carbon materials.

Constellium serves customers through manufacturing and engineering operations in North America, Europe and other international markets.