Constellium SE (NYSE:CSTM) Given Average Recommendation of “Hold” by Analysts

Shares of Constellium SE (NYSE:CSTM) have been given an average recommendation of “Hold” by the five research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.3333.

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Constellium in a research note on Wednesday. Wells Fargo & Company assumed coverage on Constellium in a research note on Wednesday. They issued an “equal weight” rating and a $16.00 price target on the stock. Wall Street Zen lowered Constellium from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research lowered Constellium from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd.

Institutional Investors Weigh In On Constellium

Several hedge funds have recently modified their holdings of the company. Rockingstone Advisors LLC boosted its holdings in shares of Constellium by 0.6% during the 3rd quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock valued at $3,196,000 after acquiring an additional 1,285 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Constellium during the 3rd quarter valued at $274,000. Corient Private Wealth LLC acquired a new stake in shares of Constellium during the 2nd quarter valued at $1,325,000. State of Wyoming boosted its holdings in shares of Constellium by 35.8% during the 2nd quarter. State of Wyoming now owns 37,144 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 9,801 shares in the last quarter. Finally, Hudson Bay Capital Management LP boosted its holdings in shares of Constellium by 109.1% during the 2nd quarter. Hudson Bay Capital Management LP now owns 509,296 shares of the industrial products company’s stock valued at $6,774,000 after acquiring an additional 265,780 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Price Performance

Constellium stock opened at $14.40 on Friday. The stock’s fifty day moving average price is $14.56 and its two-hundred day moving average price is $12.78. Constellium has a one year low of $7.32 and a one year high of $16.49. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.23 and a quick ratio of 0.53. The firm has a market cap of $2.01 billion, a PE ratio of 75.77 and a beta of 1.71.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Constellium had a return on equity of 3.43% and a net margin of 0.37%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. As a group, research analysts expect that Constellium will post 1.1 EPS for the current fiscal year.

Constellium Company Profile

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.