Constellium (NYSE:CSTM) Shares Up 8.3% – Here’s Why

Constellium SE (NYSE:CSTM)’s stock price traded up 8.3% on Wednesday . The stock traded as high as $11.06 and last traded at $11.03. 845,206 shares traded hands during trading, a decline of 21% from the average session volume of 1,074,113 shares. The stock had previously closed at $10.18.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and dropped their price objective for the company from $22.00 to $12.00 in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. BMO Capital Markets cut their price target on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Constellium Price Performance

The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The business’s 50-day simple moving average is $11.20 and its two-hundred day simple moving average is $14.28.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. Constellium’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. On average, sell-side analysts expect that Constellium SE will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Constellium

Several large investors have recently added to or reduced their stakes in CSTM. SG Americas Securities LLC lifted its stake in Constellium by 41.7% in the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock valued at $611,000 after buying an additional 17,515 shares during the period. Rockingstone Advisors LLC lifted its position in shares of Constellium by 48.1% during the 4th quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company’s stock valued at $2,577,000 after acquiring an additional 81,467 shares during the period. Principal Financial Group Inc. boosted its stake in Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after acquiring an additional 364,423 shares in the last quarter. Franklin Resources Inc. grew its holdings in Constellium by 19.5% in the third quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company’s stock worth $2,661,000 after purchasing an additional 26,686 shares during the period. Finally, Barclays PLC increased its stake in Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after purchasing an additional 278,149 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Company Profile

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.