Constellium SE (NYSE:CSTM) Receives Average Rating of “Buy” from Brokerages

Shares of Constellium SE (NYSE:CSTM) have been given an average rating of “Buy” by the six research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

A number of equities research analysts have weighed in on CSTM shares. JPMorgan Chase & Co. raised their price objective on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Wells Fargo & Company boosted their target price on shares of Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th.

Constellium Stock Performance

Constellium stock opened at $25.86 on Wednesday. Constellium has a 12-month low of $7.32 and a 12-month high of $27.25. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.40 and a beta of 1.48. The firm’s fifty day moving average price is $22.72 and its 200 day moving average price is $18.24.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.44. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm earned ($0.34) earnings per share. The company’s revenue was up 27.9% on a year-over-year basis. On average, research analysts forecast that Constellium will post 1.1 EPS for the current fiscal year.

Insider Transactions at Constellium

In other Constellium news, SVP Stephen Charles Walters sold 1,500 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Stephane Corre sold 3,000 shares of Constellium stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $24.69, for a total value of $74,070.00. Following the completion of the transaction, the insider owned 44,444 shares of the company’s stock, valued at approximately $1,097,322.36. The trade was a 6.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 33,270 shares of company stock worth $850,408.

Institutional Trading of Constellium

Institutional investors have recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC raised its holdings in shares of Constellium by 59.7% during the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after purchasing an additional 2,005,216 shares during the period. Millennium Management LLC raised its stake in Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after acquiring an additional 1,813,400 shares during the period. JPMorgan Chase & Co. raised its stake in Constellium by 139.7% during the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock worth $28,879,000 after acquiring an additional 1,265,401 shares during the period. Morgan Stanley lifted its holdings in Constellium by 48.4% in the fourth quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock worth $70,275,000 after acquiring an additional 1,216,516 shares during the last quarter. Finally, Cooper Creek Partners Management LLC boosted its stake in Constellium by 244.6% in the second quarter. Cooper Creek Partners Management LLC now owns 1,666,521 shares of the industrial products company’s stock valued at $22,165,000 after acquiring an additional 1,182,966 shares during the period. Institutional investors own 92.59% of the company’s stock.

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.