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

Constellium SE (NYSE:CSTMGet Rating) has been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.17.

CSTM has been the subject of several research reports. Benchmark upped their target price on shares of Constellium from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, February 24th. StockNews.com upgraded shares of Constellium from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellium from $22.00 to $25.00 in a research report on Thursday, April 28th.

A number of hedge funds have recently added to or reduced their stakes in CSTM. FMR LLC raised its stake in Constellium by 24.9% in the first quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock worth $33,251,000 after buying an additional 829,800 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Constellium by 1,383.8% in the third quarter. Advisor Group Holdings Inc. now owns 3,027 shares of the industrial products company’s stock worth $58,000 after buying an additional 2,823 shares in the last quarter. BlackRock Inc. raised its stake in Constellium by 14.5% in the third quarter. BlackRock Inc. now owns 11,116,229 shares of the industrial products company’s stock worth $208,761,000 after buying an additional 1,407,419 shares in the last quarter. Citigroup Inc. increased its stake in shares of Constellium by 286.2% during the third quarter. Citigroup Inc. now owns 22,559 shares of the industrial products company’s stock valued at $424,000 after purchasing an additional 16,717 shares in the last quarter. Finally, AlphaCrest Capital Management LLC bought a new position in shares of Constellium during the third quarter valued at approximately $347,000. 90.54% of the stock is owned by institutional investors.

Shares of NYSE CSTM opened at $16.21 on Thursday. Constellium has a twelve month low of $15.06 and a twelve month high of $21.59. The stock’s 50 day moving average price is $16.94 and its 200-day moving average price is $17.75. The company has a market capitalization of $2.27 billion, a PE ratio of 5.30 and a beta of 1.91. The company has a quick ratio of 0.58, a current ratio of 1.22 and a debt-to-equity ratio of 3.44.

Constellium (NYSE:CSTMGet Rating) last issued its earnings results on Wednesday, April 27th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.99. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Constellium had a net margin of 5.76% and a return on equity of 100.02%. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, research analysts expect that Constellium will post 1.56 EPS for the current fiscal year.

About Constellium (Get Rating)

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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Analyst Recommendations for Constellium (NYSE:CSTM)

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