Constellium SE (NYSE:CSTM) Stock Has Average Price Target of $35.60 According to Brokerages

Constellium SE (NYSE:CSTM) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $35.60.

A number of research firms have recently commented on CSTM. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of Constellium in a report on Thursday, July 30th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 7th. Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Wells Fargo & Company cut their price target on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Finally, UBS Group decreased their price objective on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th.

Insider Activity

In related news, Director Jean-Christophe Deslarzes bought 1,490 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $27.24 per share, with a total value of $40,587.60. Following the acquisition, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. This represents a 3.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of Constellium

Several institutional investors have recently bought and sold shares of CSTM. Integrated Wealth Concepts LLC lifted its holdings in Constellium by 4.2% during the second quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 409 shares in the last quarter. Summit Global Investments increased its holdings in shares of Constellium by 1.7% in the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 554 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of Constellium by 6.7% in the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 692 shares in the last quarter. Allworth Financial LP raised its position in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Constellium by 34.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 803 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Performance

Shares of NYSE CSTM opened at $24.66 on Friday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 6.36 and a beta of 1.55. Constellium has a one year low of $14.39 and a one year high of $36.99. The business has a fifty day simple moving average of $27.57 and a 200 day simple moving average of $29.44. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The business’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. Sell-side analysts expect that Constellium will post 3.7 EPS for the current year.

Constellium Company Profile

Constellium SE is a global manufacturer of value-added aluminum products and solutions. The company produces rolled, extruded and other fabricated aluminum products used in transportation, aerospace, automotive, packaging and industrial applications.

Its offerings include aluminum sheets, plates, coils, extrusions and structural components, as well as beverage can materials, foil stock, automotive body and structural parts, and aerospace components. Constellium also operates recycling activities that support the reuse of aluminum and the production of lower-carbon materials.

Constellium serves customers through manufacturing and engineering operations in North America, Europe and other international markets.