Constellium (NYSE:CSTM) PT Lowered to $18.00

Constellium (NYSE:CSTM) had its price target reduced by equities researchers at BMO Capital Markets from $22.00 to $18.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 58.52% from the stock’s previous close.

A number of other research firms also recently commented on CSTM. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $12.00 in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Stock Performance

Shares of CSTM stock opened at $11.36 on Thursday. The business has a 50 day simple moving average of $15.62 and a 200 day simple moving average of $18.13. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.62 and a beta of 1.59. Constellium has a 12-month low of $10.49 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $0.47 earnings per share. Constellium’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Constellium will post 1.54 EPS for the current year.

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its holdings in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after buying an additional 676 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Constellium during the second quarter worth $85,000. Quarry LP lifted its holdings in shares of Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares during the period. 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.