Constellium (NYSE:CSTM) PT Raised to $28.00

Constellium (NYSE:CSTM - Get Free Report) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $25.00 to $28.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 28.38% from the company's previous close.

Other research analysts also recently issued reports about the company. UBS Group began coverage on Constellium in a research note on Tuesday, January 16th. They issued a "buy" rating and a $27.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Constellium from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, January 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Constellium presently has an average rating of "Buy" and a consensus price target of $25.60.

Constellium Trading Down 2.7 %

Shares of NYSE CSTM traded down $0.60 during trading on Wednesday, reaching $21.81. The company had a trading volume of 959,213 shares, compared to its average volume of 693,397. The stock has a market cap of $3.15 billion, a P/E ratio of 23.45 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 company's fifty day moving average price is $20.17 and its 200-day moving average price is $18.65. Constellium has a 12 month low of $13.40 and a 12 month high of $23.20.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.23). The business 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%. As a group, research analysts expect that Constellium will post 1.91 earnings per share for the current year.

Institutional Trading of Constellium

Several institutional investors and hedge funds have recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its stake in shares of Constellium by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 40,926 shares of the industrial products company's stock worth $817,000 after purchasing an additional 575 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Constellium by 35.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company's stock worth $41,000 after purchasing an additional 700 shares during the last quarter. Covestor Ltd raised its stake in shares of Constellium by 12.2% in the third quarter. Covestor Ltd now owns 6,564 shares of the industrial products company's stock worth $119,000 after purchasing an additional 716 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Constellium by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 184,945 shares of the industrial products company's stock worth $2,188,000 after purchasing an additional 739 shares during the last quarter. Finally, Beacon Investment Advisors LLC raised its stake in shares of Constellium by 0.3% in the third quarter. Beacon Investment Advisors LLC now owns 251,098 shares of the industrial products company's stock worth $4,570,000 after purchasing an additional 750 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.