Constellium SE (NYSE:CSTM) Stock Has Average Target Price of $33.33

Shares of Constellium SE (NYSE:CSTM) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $33.33.

CSTM has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Wall Street Zen cut shares of Constellium from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Barclays assumed coverage on shares of Constellium in a report on Wednesday, October 14th. They issued an “equal weight” rating and a $28.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Finally, Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th.

Constellium Stock Performance

NYSE CSTM opened at $25.60 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $26.16 and its 200-day simple moving average is $29.51. The company has a market cap of $3.47 billion, a PE ratio of 6.60 and a beta of 1.57. Constellium has a 1-year low of $14.62 and a 1-year high of $36.99.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. As a group, equities research analysts anticipate that Constellium will post 3.79 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Constellium by 71.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,064 shares of the industrial products company’s stock worth $195,000 after buying an additional 3,349 shares during the last quarter. Islay Capital Management LLC raised its position in Constellium by 12.2% in the third quarter. Islay Capital Management LLC now owns 27,231 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 2,962 shares during the period. IFP Advisors Inc lifted its stake in shares of Constellium by 32.1% in the 3rd quarter. IFP Advisors Inc now owns 7,711 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 1,874 shares during the last quarter. SummerHaven Investment Management LLC acquired a new position in shares of Constellium in the 3rd quarter valued at $984,000. Finally, USA Financial Formulas acquired a new position in shares of Constellium in the 3rd quarter valued at $44,000. 92.59% of the stock is owned by institutional investors and hedge funds.

About Constellium

Constellium SE (NYSE: CSTM) is a global manufacturer of aluminum products and components. The company develops and produces rolled, extruded and formed aluminum solutions for customers in the aerospace, automotive, packaging, transportation and industrial sectors.

Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium’s offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.

Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.