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

Constellium SE (NYSE:CSTM) has been given an average rating of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $24.00.

A number of equities research analysts have recently issued reports on CSTM shares. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Wells Fargo & Company raised Constellium from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $25.00 in a report on Tuesday, January 13th. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $25.00 price objective on shares of Constellium in a research report on Thursday, January 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Constellium by 578.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 2,002 shares in the last quarter. Allworth Financial LP boosted its stake 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 valued at $39,000 after acquiring an additional 714 shares during the last quarter. KBC Group NV purchased a new stake in Constellium during the 2nd quarter worth about $56,000. Finally, GAMMA Investing LLC increased its position in Constellium by 29.7% during the 4th 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. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Stock Performance

NYSE:CSTM opened at $24.83 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29. Constellium has a fifty-two week low of $7.32 and a fifty-two week high of $25.15. The stock has a market cap of $3.42 billion, a PE ratio of 31.42 and a beta of 1.51. The firm’s fifty day simple moving average is $20.38 and its 200-day simple moving average is $16.87.

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.