Constellium SE (NYSE:CSTM) Receives Average Recommendation of “Hold” from Brokerages

Constellium SE (NYSE:CSTM) has been given an average rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.00.

Several research analysts have weighed in on the company. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th.

Constellium Price Performance

NYSE:CSTM opened at $15.35 on Monday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 19.44 and a beta of 1.77. Constellium has a 12-month low of $7.32 and a 12-month high of $18.01. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The company’s 50-day moving average is $15.54 and its two-hundred day moving average is $14.22.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business posted $0.02 earnings per share. The company’s revenue was up 20.2% on a year-over-year basis. Research analysts expect that Constellium will post 1.1 EPS for the current year.

Hedge Funds Weigh In On Constellium

A number of hedge funds have recently made changes to their positions in CSTM. Millennium Management LLC grew its stake in shares of Constellium by 35.4% during the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after buying an additional 1,813,400 shares during the period. Westwood Holdings Group Inc. grew its position in Constellium by 12.2% during the first quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company’s stock valued at $65,773,000 after acquiring an additional 708,412 shares during the period. Encompass Capital Advisors LLC increased its stake in Constellium by 59.7% during the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after acquiring an additional 2,005,216 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Constellium by 39.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,299,064 shares of the industrial products company’s stock worth $49,090,000 after purchasing an additional 938,155 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after purchasing an additional 236,264 shares in the last quarter. 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.