Constellium SE (NYSE:CSTM – Get Free Report) has been given an average rating of “Buy” by the seven brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $36.60.
A number of brokerages have issued reports on CSTM. Wells Fargo & Company lifted their price objective on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 price objective on shares of Constellium in a report on Thursday, April 30th. Finally, UBS Group assumed coverage on shares of Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price objective for the company.
Read Our Latest Stock Analysis on CSTM
Insider Activity at Constellium
Institutional Trading of Constellium
Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of Constellium by 6,985.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares during the last quarter. Allworth Financial LP lifted its position in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Constellium by 578.6% during 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 707 shares in the last quarter. Finally, Quarry LP lifted its position 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 in the last quarter. Institutional investors own 92.59% of the company’s stock.
Constellium Stock Down 0.1%
NYSE CSTM opened at $31.88 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The stock’s 50 day moving average is $28.42 and its two-hundred day moving average is $23.04. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 10.32 and a beta of 1.54. Constellium has a 1-year low of $11.23 and a 1-year high of $34.94.
Constellium (NYSE:CSTM – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Equities analysts forecast that Constellium will post 3.34 earnings per share for the current fiscal year.
Constellium announced that its board has authorized a stock buyback program on Thursday, March 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Constellium Company Profile
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.
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