Constellium (NYSE:CSTM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Constellium (NYSE:CSTM) had its price objective raised by research analysts at Wells Fargo & Company from $37.00 to $39.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 40.87% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group dropped their target price on shares of Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of Constellium in a research note on Thursday. Finally, Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.80.

Constellium Price Performance

Shares of CSTM stock opened at $27.69 on Thursday. The stock has a 50 day moving average price of $31.73 and a 200 day moving average price of $28.52. Constellium has a 52-week low of $13.04 and a 52-week high of $36.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.60 and a current ratio of 1.43. The firm has a market capitalization of $3.77 billion, a P/E ratio of 7.14 and a beta of 1.55.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the company posted $0.25 EPS. Constellium’s quarterly revenue was up 30.7% on a year-over-year basis. As a group, sell-side analysts predict that Constellium will post 3.55 earnings per share for the current year.

Insider Activity at Constellium

In other news, SVP Martin Jarrett sold 4,716 shares of Constellium stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $33.46, for a total value of $157,797.36. Following the transaction, the senior vice president directly owned 15,375 shares in the company, valued at approximately $514,447.50. This trade represents a 23.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley Lee Soultz bought 2,500 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $33.84 per share, for a total transaction of $84,600.00. Following the purchase, the director directly owned 2,500 shares of the company’s stock, valued at $84,600. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 91,369 shares of company stock valued at $3,051,536 over the last 90 days. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Constellium

Large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Constellium by 5.3% during the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock valued at $732,000 after buying an additional 3,629 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Constellium by 354.0% in the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock worth $924,000 after acquiring an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Constellium by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after acquiring an additional 3,393 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Constellium during the second quarter worth about $218,000. Finally, Norges Bank acquired a new position in shares of Constellium during the second quarter valued at about $1,499,000. 92.59% of the stock is owned by institutional investors and hedge funds.

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.