Constellium SE (NYSE:CSTM) Receives $36.60 Average Price Target from Brokerages

Constellium SE (NYSE:CSTM) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.60.

A number of equities analysts have recently commented on CSTM shares. Wells Fargo & Company raised their price objective on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. UBS Group started coverage on Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price objective on the stock. Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. BMO Capital Markets set a $32.00 target price on Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th.

Constellium Stock Performance

Constellium stock opened at $33.26 on Monday. The stock’s 50-day moving average is $29.10 and its 200-day moving average is $23.55. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 10.76 and a beta of 1.54. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. Constellium has a 12 month low of $11.23 and a 12 month high of $34.94.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. Equities analysts anticipate that Constellium will post 3.34 earnings per share for the current year.

Constellium announced that its board has initiated a share repurchase plan on Thursday, March 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, SVP Martin Jarrett sold 4,716 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $33.46, for a total value of $157,797.36. Following the completion of the sale, the senior vice president owned 15,375 shares in the company, valued at approximately $514,447.50. This trade represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley Lee Soultz bought 2,500 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $33.84 per share, with a total value of $84,600.00. Following the purchase, the director owned 2,500 shares of the company’s stock, valued at approximately $84,600. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 5,490 shares of company stock valued at $167,089 and have sold 375,735 shares valued at $10,893,123. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Constellium

A number of large investors have recently modified their holdings of CSTM. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Constellium in the 3rd quarter worth approximately $1,969,000. JPMorgan Chase & Co. grew its position in shares of Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after acquiring an additional 236,264 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Constellium in the 3rd quarter worth approximately $2,876,000. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Constellium by 89.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock worth $1,811,000 after acquiring an additional 57,337 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Constellium by 55.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 163,261 shares of the industrial products company’s stock worth $2,429,000 after acquiring an additional 57,909 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.