Constellium (NYSE:CSTM) Price Target Cut to $27.00 by Analysts at JPMorgan Chase & Co.

Constellium (NYSE:CSTM) had its target price trimmed by JPMorgan Chase & Co. from $28.00 to $27.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on CSTM. UBS Group assumed coverage on shares of Constellium in a report on Tuesday, January 16th. They set a buy rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Constellium from $21.00 to $24.00 and gave the company a buy rating in a research note on Tuesday, January 23rd. Finally, Benchmark reiterated a buy rating and set a $24.00 price objective on shares of Constellium in a research note on Friday, April 19th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $25.40.

Constellium Stock Performance

Shares of CSTM stock opened at $20.70 on Thursday. Constellium has a one year low of $13.77 and a one year high of $23.20. The company has a 50 day moving average price of $20.63 and a 200 day moving average price of $18.97. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 23.00 and a beta of 1.71. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.52 and a current ratio of 1.31.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). Constellium had a return on equity of 15.68% and a net margin of 1.73%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.71 billion. Sell-side analysts anticipate that Constellium will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FMR LLC lifted its position in shares of Constellium by 1.7% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $267,212,000 after buying an additional 251,829 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Constellium by 2.5% in the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company’s stock worth $103,350,000 after buying an additional 136,338 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Constellium by 19.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after buying an additional 504,421 shares during the last quarter. Rubric Capital Management LP lifted its position in shares of Constellium by 49.6% in the 4th quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company’s stock worth $58,372,000 after buying an additional 970,164 shares during the last quarter. Finally, Cannell & Co. lifted its position in shares of Constellium by 29.3% in the 4th quarter. Cannell & Co. now owns 2,561,727 shares of the industrial products company’s stock worth $51,132,000 after buying an additional 580,500 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

About Constellium

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.