Constellium (NYSE:CSTM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Constellium (NYSE:CSTM) had its price target upped by stock analysts at Wells Fargo & Company from $25.00 to $29.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 14.16% from the stock’s previous close.

Several other brokerages also recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft raised their price target on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. BMO Capital Markets raised their price target on shares of Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Constellium Price Performance

Shares of CSTM opened at $25.40 on Thursday. The company has a 50 day moving average of $21.74 and a two-hundred day moving average of $17.60. 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 twelve month low of $7.32 and a twelve month high of $27.25. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 13.16 and a beta of 1.51.

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

Institutional Investors Weigh In On Constellium

Hedge funds have recently added to or reduced their stakes in the business. Ethic Inc. raised its stake in shares of Constellium by 1.6% during the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after buying an additional 456 shares during the last quarter. Mackenzie Financial Corp boosted its stake 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 during the last quarter. GAMMA Investing LLC grew its holdings in Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 707 shares during the period. Allworth Financial LP raised its position in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Constellium by 34.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 803 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.