JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Constellium (NYSE:CSTM) Stock

Constellium (NYSE:CSTM) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $26.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 14.16% from the stock’s current price.

A number of other brokerages have also recently commented on CSTM. Deutsche Bank Aktiengesellschaft upped their price target on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Wells Fargo & Company lifted their price target on shares of Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Finally, BMO Capital Markets raised their price objective on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Constellium Stock Down 1.6%

CSTM opened at $25.40 on Thursday. The firm’s 50 day simple moving average is $21.74 and its two-hundred day simple moving average is $17.60. The company has a market capitalization of $3.50 billion, a PE ratio of 13.16 and a beta of 1.51. Constellium has a 1-year low of $7.32 and a 1-year high of $27.25. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.36 by $0.44. Constellium had a return on equity of 33.74% and a net margin of 3.23%.The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the business posted ($0.34) EPS. Constellium’s revenue was up 27.9% on a year-over-year basis. As a group, equities analysts forecast that Constellium will post 1.1 EPS for the current year.

Hedge Funds Weigh In On Constellium

A number of hedge funds and other institutional investors have recently modified their holdings of CSTM. Invesco Ltd. increased its holdings in Constellium by 16.2% in the 4th quarter. Invesco Ltd. now owns 164,654 shares of the industrial products company’s stock valued at $3,104,000 after acquiring an additional 22,942 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Constellium by 46.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,277 shares of the industrial products company’s stock valued at $665,000 after purchasing an additional 11,267 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Constellium in the fourth quarter worth about $321,000. Mackenzie Financial Corp lifted its position in shares of Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 512 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Constellium by 3.9% during the fourth quarter. Empowered Funds LLC now owns 671,222 shares of the industrial products company’s stock valued at $12,653,000 after buying an additional 25,231 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

About Constellium

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.