Analysts Set Constellium SE (NYSE:CSTM) PT at $31.50

Shares of Constellium SE (NYSE:CSTM) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $31.50.

A number of equities analysts have recently issued reports on CSTM shares. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. BMO Capital Markets set a $32.00 price target on Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Wells Fargo & Company raised their price target on Constellium from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $29.00 price target on shares of Constellium in a research note on Thursday, April 9th. Finally, Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th.

Constellium Stock Performance

Shares of CSTM opened at $31.41 on Thursday. Constellium has a 1 year low of $9.03 and a 1 year high of $31.50. 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 firm has a market cap of $4.28 billion, a PE ratio of 16.27 and a beta of 1.43. The stock’s fifty day moving average price is $26.47 and its two-hundred day moving average price is $21.43.

Constellium (NYSE:CSTM) last posted its earnings results on Saturday, February 14th. The industrial products company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) EPS. On average, equities research analysts forecast that Constellium will post 2.13 EPS for the current year.

Constellium declared that its board has authorized a stock buyback plan on Thursday, March 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at Constellium

In related news, CFO Jack Q. Guo sold 41,717 shares of Constellium stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total transaction of $1,079,218.79. Following the transaction, the chief financial officer directly owned 190,879 shares in the company, valued at approximately $4,938,039.73. The trade was a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marcus Becker sold 15,570 shares of Constellium stock in a transaction on Friday, February 20th. The shares were sold at an average price of $25.58, for a total value of $398,280.60. The SEC filing for this sale provides additional information. Insiders sold 214,543 shares of company stock valued at $5,565,129 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Constellium

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC purchased a new position in Constellium during the first quarter valued at $1,694,000. Pictet Asset Management Holding SA lifted its position in Constellium by 8.1% during the first quarter. Pictet Asset Management Holding SA now owns 19,347 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 1,447 shares in the last quarter. Sterling Capital Management LLC lifted its position in Constellium by 232.7% during the first quarter. Sterling Capital Management LLC now owns 17,778 shares of the industrial products company’s stock valued at $437,000 after purchasing an additional 12,435 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Constellium during the first quarter valued at $909,000. Finally, Andina Capital Management LLC purchased a new position in Constellium during the first quarter valued at $445,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.