JPMorgan Chase & Co. Cuts Constellium (NYSE:CSTM) Price Target to $27.00

Constellium (NYSE:CSTM - Get Free Report) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $28.00 to $27.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 32.55% from the company's current price.

Several other brokerages also recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Constellium from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, January 23rd. Benchmark reissued a "buy" rating and set a $24.00 price objective on shares of Constellium in a research report on Friday, April 19th. Finally, UBS Group initiated coverage on shares of Constellium in a research report on Tuesday, January 16th. They set a "buy" rating and a $27.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Constellium presently has a consensus rating of "Buy" and an average target price of $25.40.

Constellium Stock Up 1.9 %

Shares of CSTM traded up $0.38 during midday trading on Thursday, reaching $20.37. The stock had a trading volume of 1,679,789 shares, compared to its average volume of 763,607. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52. The company's fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $18.91. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 22.11 and a beta of 1.71. Constellium has a 1-year low of $13.40 and a 1-year high of $23.20.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.15). The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.71 billion. Constellium had a net margin of 1.73% and a return on equity of 16.86%. Equities research analysts expect that Constellium will post 1.9 earnings per share for the current year.

Institutional Trading of Constellium

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Constellium by 84.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company's stock valued at $51,860,000 after purchasing an additional 1,192,105 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Constellium by 2,745.7% in the third quarter. Principal Financial Group Inc. now owns 1,016,502 shares of the industrial products company's stock valued at $18,500,000 after purchasing an additional 980,781 shares during the period. Rubric Capital Management LP lifted its stake in shares of Constellium by 49.6% in the fourth quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company's stock valued at $58,372,000 after purchasing an additional 970,164 shares during the period. Norges Bank acquired a new position in Constellium during the fourth quarter worth about $18,845,000. Finally, Cannell & Co. raised its position in Constellium by 29.3% during the fourth quarter. Cannell & Co. now owns 2,561,727 shares of the industrial products company's stock worth $51,132,000 after acquiring an additional 580,500 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

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.