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

Shares of Constellium SE (NYSE:CSTMGet Free Report) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $35.80.

CSTM has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Wells Fargo & Company lifted their target price on Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings lowered Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. UBS Group reduced their price target on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a research note on Thursday, July 30th.

Check Out Our Latest Research Report on CSTM

Insider Activity at Constellium

In other Constellium news, SVP Marcus Becker sold 10,391 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $34.93, for a total transaction of $362,957.63. Following the completion of the sale, the senior vice president owned 16,784 shares of the company’s stock, valued at approximately $586,265.12. This represents a 38.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jean-Christophe Deslarzes purchased 1,490 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $27.24 per share, with a total value of $40,587.60. Following the acquisition, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. The trade was a 3.55% increase in their position. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Constellium

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in 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 valued at $28,000 after acquiring an additional 1,467 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Constellium in the 2nd quarter worth about $32,000. POM Investment Strategies LLC bought a new position in shares of Constellium in the 2nd quarter worth about $32,000. Allworth Financial LP lifted its stake in shares of Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares during the period. Finally, USA Financial Formulas lifted its stake in shares of Constellium by 94.9% in the 1st quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,097 shares during the period. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 1.8%

CSTM opened at $27.11 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61. Constellium has a fifty-two week low of $13.58 and a fifty-two week high of $36.99. The company’s 50 day moving average price is $29.69 and its two-hundred day moving average price is $29.25. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 6.99 and a beta of 1.57.

Constellium (NYSE:CSTMGet Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.73 billion. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, research analysts predict that Constellium will post 3.7 earnings per share for the current year.

Constellium Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Constellium (NYSE:CSTM)

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