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

Constellium SE (NYSE:CSTM) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.19 and last traded at $18.1570, with a volume of 314083 shares traded. The stock had previously closed at $17.98.

Analyst Upgrades and Downgrades

CSTM has been the subject of a number of analyst reports. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.00.

Constellium Stock Up 1.5%

The firm has a market cap of $2.51 billion, a P/E ratio of 23.11 and a beta of 1.55. The firm’s fifty day moving average is $15.76 and its 200 day moving average is $14.47. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28.

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

Institutional Investors Weigh In On Constellium

A number of hedge funds and other institutional investors have recently modified their holdings of CSTM. EverSource Wealth Advisors LLC grew its stake in shares of Constellium by 578.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 2,002 shares in the last quarter. US Bancorp DE boosted its holdings in Constellium by 1,034.7% in the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 4,708 shares during the period. KBC Group NV acquired a new position in shares of Constellium during the 2nd quarter worth approximately $56,000. Quarry LP increased its holdings in shares of Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Constellium during the third quarter worth approximately $85,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.