Constellium (NYSE:CSTM) Reaches New 52-Week High – Should You Buy?

Constellium SE (NYSE:CSTM) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $23.71 and last traded at $22.6530, with a volume of 249036 shares. The stock had previously closed at $23.07.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company raised Constellium from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $17.00 to $25.00 in a research report on Tuesday, January 13th. JPMorgan Chase & Co. raised their price objective on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $25.00 price objective on shares of Constellium in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.

Constellium Trading Down 0.4%

The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 29.09 and a beta of 1.52. The business’s 50-day moving average price is $19.30 and its two-hundred day moving average price is $16.40.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.37 by $0.25. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. Equities analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Constellium by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock worth $1,038,000 after buying an additional 1,006 shares during the period. Rockingstone Advisors LLC lifted its holdings in Constellium by 0.6% in the 3rd quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock worth $3,196,000 after buying an additional 1,285 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,467 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Constellium by 1.0% in the 3rd quarter. Alliancebernstein L.P. now owns 157,750 shares of the industrial products company’s stock valued at $2,347,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other 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.