Constellium SE (NYSE:CSTM) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have given Constellium SE an average recommendation of "Hold", with two sell ratings and three buy ratings from five research firms.
• The average twelve-month price target for Constellium shares is $19.00, indicating potential upside based on current market conditions.
• Institutional investors hold 92.59% of Constellium stock, with recent significant increases in holdings from several hedge funds.

Shares of Constellium SE (NYSE:CSTM - Get Free Report) have earned an average rating of "Hold" from the five research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.00.

Several analysts have issued reports on CSTM shares. Zacks Research lowered shares of Constellium from a "hold" rating to a "strong sell" rating in a research report on Thursday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Constellium in a research report on Saturday, September 27th.

Hedge Funds Weigh In On Constellium

Several institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new position in shares of Constellium in the second quarter valued at $1,325,000. State of Wyoming increased its holdings in shares of Constellium by 35.8% in the second quarter. State of Wyoming now owns 37,144 shares of the industrial products company's stock valued at $494,000 after purchasing an additional 9,801 shares during the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of Constellium by 109.1% in the second quarter. Hudson Bay Capital Management LP now owns 509,296 shares of the industrial products company's stock valued at $6,774,000 after purchasing an additional 265,780 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Constellium by 251.8% in the second quarter. Tower Research Capital LLC TRC now owns 24,620 shares of the industrial products company's stock valued at $327,000 after purchasing an additional 17,621 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new position in shares of Constellium in the second quarter valued at $1,261,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

NYSE CSTM opened at $15.47 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The firm's fifty day moving average price is $14.46 and its two-hundred day moving average price is $12.66. Constellium has a 1 year low of $7.32 and a 1 year high of $16.49. The firm has a market capitalization of $2.16 billion, a P/E ratio of 81.41 and a beta of 1.71.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Constellium had a return on equity of 3.43% and a net margin of 0.37%.The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. As a group, research analysts anticipate that Constellium will post 1.1 EPS for the current year.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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