Constellium (NYSE:CSTM) PT Lowered to $26.00

Constellium (NYSE:CSTM) had its target price cut by JPMorgan Chase & Co. from $27.00 to $26.00 in a report issued on Thursday, Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Separately, Benchmark reiterated a buy rating and set a $24.00 price target on shares of Constellium in a research report on Friday, April 19th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Constellium has a consensus rating of Buy and an average price target of $25.20.

Constellium Stock Down 1.2 %

CSTM opened at $18.65 on Thursday. The stock has a market capitalization of $2.69 billion, a P/E ratio of 20.72 and a beta of 1.60. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.58 and a current ratio of 1.31. Constellium has a one year low of $14.12 and a one year high of $23.20. The business’s 50-day simple moving average is $20.19 and its 200-day simple moving average is $20.01.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.15). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.71 billion. Constellium had a return on equity of 15.68% and a net margin of 1.73%. Analysts anticipate that Constellium will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Constellium

Several hedge funds have recently bought and sold shares of CSTM. CWM LLC raised its holdings in shares of Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares during the period. Advisors Asset Management Inc. raised its holdings in Constellium by 29.9% in the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after buying an additional 1,625 shares during the period. Contravisory Investment Management Inc. acquired a new position in Constellium during the second quarter valued at approximately $195,000. BOKF NA grew its stake in Constellium by 87.6% during the first quarter. BOKF NA now owns 8,964 shares of the industrial products company’s stock worth $200,000 after buying an additional 4,186 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in shares of Constellium in the fourth quarter worth $201,000. 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.