Constellium SE (NYSE:CSTM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Constellium SE (NYSE:CSTM) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $35.80.

A number of research firms have recently weighed in on CSTM. JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of Constellium in a research note on Thursday.

Constellium Price Performance

Shares of CSTM stock opened at $27.69 on Friday. The business has a fifty day simple moving average of $31.73 and a 200 day simple moving average of $28.52. The company has a market cap of $3.77 billion, a P/E ratio of 7.14 and a beta of 1.55. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. Constellium has a twelve month low of $13.04 and a twelve month high of $36.99.

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. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The business’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, sell-side analysts forecast that Constellium will post 3.55 EPS for the current fiscal year.

Insider Activity at Constellium

In other news, Director Bradley Lee Soultz bought 2,500 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $33.84 per share, with a total value of $84,600.00. Following the acquisition, the director directly owned 2,500 shares in the company, valued at approximately $84,600. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marcus Becker sold 10,391 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $34.93, for a total value of $362,957.63. Following the completion of the transaction, the senior vice president owned 16,784 shares of the company’s stock, valued at $586,265.12. This represents a 38.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,369 shares of company stock worth $3,051,536 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Constellium

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,467 shares during the last quarter. Allworth Financial LP grew its holdings in Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Constellium by 34.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 803 shares during the last quarter. Quarry LP grew its holdings in Constellium by 53.7% during the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in Constellium in the 3rd quarter valued at approximately $154,000. 92.59% of the stock is currently owned by institutional investors.

About Constellium

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.