Constellium SE (NYSE:CSTM) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Constellium received a “Moderate Buy” consensus rating from seven brokerages, with four buys, one strong buy and two holds. The average 12-month price target is $35.60, above the reported opening price of $25.50.
• The company’s latest quarterly results exceeded expectations, with earnings per share of $1.04 versus the $0.86 consensus estimate and revenue of $2.75 billion, up 30.7% year over year.
• Constellium shares remain below their 52-week high of $36.99, while institutional investors own 92.59% of the stock; a company director also recently purchased 1,490 shares.

Constellium SE (NYSE:CSTM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.60.

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

Constellium Stock Performance

Shares of NYSE CSTM opened at $25.50 on Friday. The company has a 50 day simple moving average of $27.87 and a two-hundred day simple moving average of $29.44. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 6.57 and a beta of 1.55. 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 has a 12 month low of $14.39 and a 12 month high of $36.99.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, topping 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 firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the company earned $0.25 earnings per share. Constellium's revenue for the quarter was up 30.7% compared to the same quarter last year. As a group, analysts predict that Constellium will post 3.7 earnings per share for the current year.

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 shares were acquired at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the completion of the transaction, the director directly owned 43,515 shares in the company, valued at $1,185,348.60. This trade represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Constellium

A number of institutional investors have recently made changes to their positions in CSTM. Orion Capital Management LLC acquired a new position in Constellium in the 2nd quarter valued at $32,000. POM Investment Strategies LLC purchased a new position in Constellium in the 2nd quarter valued at $32,000. Allworth Financial LP boosted its stake in Constellium by 52.5% during the 4th 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 last quarter. USA Financial Formulas grew its holdings in shares of Constellium by 94.9% during the first quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company's stock worth $55,000 after buying an additional 1,097 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 803 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

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.

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