Brokerages Set Constellium SE (NYSE:CSTM) Price Target at $29.00

Shares of Constellium SE (NYSE:CSTM) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $29.00.

A number of brokerages recently weighed in on CSTM. Wells Fargo & Company lifted their target price on shares of Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. BMO Capital Markets upped their price target on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft increased their price target on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. boosted their price objective on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th.

Constellium Stock Performance

Shares of CSTM stock opened at $24.70 on Wednesday. The stock has a market capitalization of $3.34 billion, a PE ratio of 12.80 and a beta of 1.48. The business’s 50 day simple moving average is $23.13 and its 200 day simple moving average is $18.43. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. Constellium has a one year low of $7.32 and a one year high of $27.41.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company earned ($0.34) EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, research analysts forecast that Constellium will post 1.1 earnings per share for the current year.

Insider Transactions at Constellium

In other Constellium news, insider Philippe Hoffmann sold 80,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $26.45, for a total transaction of $2,116,000.00. Following the transaction, the insider directly owned 55,425 shares in the company, valued at approximately $1,465,991.25. This represents a 59.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen Charles Walters sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 113,270 shares of company stock valued at $2,966,408. 1.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Constellium

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its position in shares of Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 2,002 shares in the last quarter. Allworth Financial LP increased 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 acquiring an additional 714 shares in the last quarter. KBC Group NV acquired a new stake in shares of Constellium in the 2nd quarter worth about $56,000. Finally, GAMMA Investing LLC raised its holdings in shares of Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 707 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

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.