Constellium (NYSE:CSTM) Sets New 52-Week High at $22.26

Constellium SE (NYSE:CSTM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.26 and last traded at $22.26, with a volume of 536 shares traded. The stock had previously closed at $22.11.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellium from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. BMO Capital Markets upped their target price on shares of Constellium from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, December 4th. Finally, UBS Group started coverage on shares of Constellium in a research note on Tuesday, January 16th. They issued a "buy" rating and a $27.00 target price on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $24.20.

Constellium Trading Up 0.7 %

The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 24.00 and a beta of 1.71. The company has a quick ratio of 0.52, a current ratio of 1.31 and a debt-to-equity ratio of 2.10. The business's 50 day simple moving average is $19.64 and its 200 day simple moving average is $18.39.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.23). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Constellium had a net margin of 1.73% and a return on equity of 16.86%. On average, research analysts expect that Constellium SE will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

A number of hedge funds have recently bought and sold shares of CSTM. FMR LLC increased its holdings in Constellium by 1.7% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock valued at $267,212,000 after buying an additional 251,829 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Constellium by 3.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 14,604,987 shares of the industrial products company's stock valued at $172,777,000 after purchasing an additional 446,722 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Constellium by 2.7% during the 3rd quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company's stock valued at $109,742,000 after purchasing an additional 289,631 shares during the last quarter. Jennison Associates LLC boosted its position in Constellium by 2.5% during the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company's stock worth $103,350,000 after buying an additional 136,338 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Constellium by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company's stock worth $60,395,000 after buying an additional 392,614 shares during the period. 92.59% of the stock is owned by institutional investors.

About Constellium

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