Constellium SE (NYSE:CSTM) Given Average Recommendation of “Hold” by Brokerages

Shares of Constellium SE (NYSE:CSTM) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.00.

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

Institutional Investors Weigh In On Constellium

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased 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 worth $35,000 after purchasing an additional 2,002 shares during the period. KBC Group NV acquired a new stake in Constellium in the 2nd quarter valued at approximately $56,000. Quarry LP grew its holdings in Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,960 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Constellium in the 3rd quarter worth approximately $85,000. Finally, EMC Capital Management acquired a new position in shares of Constellium during the second quarter worth approximately $135,000. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Performance

Shares of CSTM opened at $18.20 on Friday. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 23.04 and a beta of 1.55. The company’s fifty day moving average is $16.41 and its 200-day moving average is $14.92. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29. Constellium has a 12 month low of $7.32 and a 12 month high of $18.75.

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

Constellium Company Profile

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.