Analysts’ Weekly Ratings Changes for Constellium (CSTM)

A number of firms have modified their ratings and price targets on shares of Constellium (NYSE: CSTM) recently:

• 2/23/2023 – Constellium had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $22.00 price target on the stock.
• 2/23/2023 – Constellium had its price target raised by analysts at BMO Capital Markets from $15.00 to $20.00. They now have an “outperform” rating on the stock.
• 2/23/2023 – Constellium was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/23/2023 – Constellium had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $17.00 to $18.00. They now have a “buy” rating on the stock.
• 1/24/2023 – Constellium had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $12.50 to $17.00. They now have a “buy” rating on the stock.

Constellium Price Performance

NYSE CSTM opened at $15.87 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 1.21 and a debt-to-equity ratio of 2.54. The company has a market cap of $2.25 billion, a PE ratio of 7.28 and a beta of 1.92. Constellium SE has a 52 week low of $9.82 and a 52 week high of $19.55. The firm’s 50-day simple moving average is $14.29 and its two-hundred day simple moving average is $12.76.

Constellium (NYSE:CSTM – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Constellium had a net margin of 3.81% and a return on equity of 53.55%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Constellium SE will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

Several hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its holdings in Constellium by 26.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 757 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Constellium by 307.9% during the second quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the industrial products company’s stock valued at $54,000 after buying an additional 3,110 shares during the period. UBS Group AG lifted its holdings in shares of Constellium by 138.2% in the second quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock worth $59,000 after buying an additional 2,622 shares in the last quarter. Covestor Ltd purchased a new stake in shares of Constellium in the first quarter worth about $110,000. Finally, Highland Capital Management LLC bought a new position in shares of Constellium in the fourth quarter valued at approximately $122,000. 92.86% of the stock is currently owned by hedge funds and other institutional investors.

Constellium SE operates as a holding company with interest in the design and manufacture of a range of specialty rolled, and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company operates through the following segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.