JPMorgan Chase & Co. Lowers Constellium (NYSE:CSTM) Price Target to $21.00

Posted by on Jul 16th, 2023

Constellium (NYSE:CSTM – Get Free Report) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $24.00 to $21.00 in a report released on Friday, FlyOnTheWall reports. JPMorgan Chase & Co.‘s target price indicates a potential upside of 18.11% from the stock’s previous close.

CSTM has been the topic of a number of other reports. StockNews.com cut Constellium from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. 58.com reiterated an “initiates” rating on shares of Constellium in a research report on Monday, May 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Constellium from $18.00 to $19.00 in a report on Thursday, April 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

Constellium Trading Down 3.5 %

Shares of NYSE CSTM opened at $17.78 on Friday. The stock’s 50 day moving average price is $16.21 and its two-hundred day moving average price is $15.01. Constellium has a 52-week low of $9.82 and a 52-week high of $18.43. The stock has a market capitalization of $2.57 billion, a P/E ratio of 18.14 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 2.46.

Constellium (NYSE:CSTM – Get Free Report) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.68 billion. Constellium had a return on equity of 34.80% and a net margin of 1.74%. On average, analysts anticipate that Constellium will post 1.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. Nomura Asset Management Co. Ltd. boosted its stake in shares of Constellium by 35.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 700 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Constellium by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 184,945 shares of the industrial products company’s stock worth $2,188,000 after acquiring an additional 739 shares in the last quarter. North Run Capital LP boosted its stake in shares of Constellium by 0.8% during the 4th quarter. North Run Capital LP now owns 93,220 shares of the industrial products company’s stock worth $1,103,000 after acquiring an additional 750 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Constellium by 26.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 757 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Constellium by 2.3% during the 4th quarter. Wells Fargo & Company MN now owns 34,787 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 791 shares in the last quarter. 91.26% of the stock is owned by institutional investors.

Constellium Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Constellium (NYSE:CSTM)

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