Constellium (NYSE:CSTM) Reaches New 12-Month High at $16.96

Posted by Defense World Staff on Jun 18th, 2023

Constellium SE (NYSE:CSTM – Get Rating) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $16.96 and last traded at $16.70, with a volume of 199461 shares trading hands. The stock had previously closed at $16.79.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CSTM shares. 58.com restated an “initiates” rating on shares of Constellium in a research report on Monday, May 8th. BMO Capital Markets increased their target price on shares of Constellium from $15.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellium from $18.00 to $19.00 in a report on Thursday, April 27th. StockNews.com assumed coverage on shares of Constellium in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $22.00 target price on shares of Constellium in a report on Thursday, February 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Constellium Trading Down 0.7 %

The company has a market capitalization of $2.41 billion, a P/E ratio of 17.01 and a beta of 1.88. The stock’s 50 day moving average is $15.18 and its 200-day moving average is $14.30. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 0.54.

Constellium (NYSE:CSTM – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Constellium had a return on equity of 34.80% and a net margin of 1.74%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.68 billion. As a group, equities research analysts anticipate that Constellium SE will post 1.32 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

A number of institutional investors and hedge funds have recently made changes to their positions in CSTM. Ronald Blue Trust Inc. increased its stake in shares of Constellium by 8,275.0% during the first quarter. Ronald Blue Trust Inc. now owns 2,345 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 2,317 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Constellium by 35.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. UBS Group AG increased its stake in shares of Constellium by 138.2% during the second quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 2,622 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Constellium by 26.5% during the first quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 757 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Constellium by 25.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,184 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 1,245 shares in the last quarter. Institutional investors own 92.86% of the company’s stock.

Constellium Company Profile

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Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, automotive, other transportation and industrial end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.