BMO Capital Markets Trims Constellium (NYSE:CSTM) Target Price to $24.00

Constellium (NYSE:CSTM) had its target price decreased by BMO Capital Markets from $25.00 to $24.00 in a research note released on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the industrial products company’s stock.

CSTM has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on Constellium from $27.00 to $26.00 and set an overweight rating on the stock in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Constellium from $24.50 to $24.00 and set a buy rating on the stock in a report on Tuesday, July 16th. Finally, Benchmark reaffirmed a buy rating and set a $24.00 price target on shares of Constellium in a report on Friday, April 19th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Constellium has a consensus rating of Buy and a consensus target price of $25.00.

Constellium Price Performance

CSTM stock opened at $17.00 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.58 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $2.45 billion, a P/E ratio of 18.88 and a beta of 1.60. The business has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $19.93. Constellium has a twelve month low of $14.12 and a twelve month high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. Constellium’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Constellium will post 1.61 EPS for the current year.

Hedge Funds Weigh In On Constellium

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Constellium by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,236,435 shares of the industrial products company’s stock valued at $22,503,000 after buying an additional 8,350 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Constellium by 124.5% during the 4th quarter. SG Americas Securities LLC now owns 27,417 shares of the industrial products company’s stock worth $547,000 after purchasing an additional 15,202 shares in the last quarter. Highland Capital Management LLC acquired a new position in shares of Constellium during the 4th quarter worth $201,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Constellium in the 4th quarter valued at about $2,024,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Constellium by 4.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,004 shares of the industrial products company’s stock valued at $1,138,000 after purchasing an additional 2,659 shares during the period. 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.