Constellium (NYSE:CSTM) Hits New 12-Month High – Should You Buy?

by · The Cerbat Gem

Constellium SE (NYSE:CSTM – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $18.59 and last traded at $18.30, with a volume of 123062 shares changing hands. The stock had previously closed at $18.14.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CSTM shares. Wells Fargo & Company lifted their price objective on shares of Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price objective on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a report on Monday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.00.

Get Our Latest Analysis on Constellium

Constellium Price Performance

The company has a 50 day moving average of $16.04 and a two-hundred day moving average of $14.67. The firm has a market cap of $2.53 billion, a P/E ratio of 23.23 and a beta of 1.55. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29.

Constellium (NYSE:CSTM – Get Free Report) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. Sell-side analysts expect that Constellium SE will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSTM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Constellium by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock valued at $1,038,000 after buying an additional 1,006 shares during the last quarter. Rockingstone Advisors LLC increased its position in Constellium by 0.6% in the third quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock worth $3,196,000 after purchasing an additional 1,285 shares during the period. Alliancebernstein L.P. lifted its position in Constellium by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 157,750 shares of the industrial products company’s stock valued at $2,347,000 after purchasing an additional 1,500 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of Constellium by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock valued at $582,000 after purchasing an additional 1,659 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Constellium by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,848 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

About Constellium

(Get Free Report)

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.

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