Constellium (NYSE:CSTM) Shares Down 5.4%

Constellium SE (NYSE:CSTM)’s share price traded down 5.4% on Wednesday . The stock traded as low as $20.00 and last traded at $20.18. 1,559,268 shares traded hands during mid-day trading, an increase of 111% from the average session volume of 739,664 shares. The stock had previously closed at $21.33.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Constellium from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Benchmark reiterated a “buy” rating and issued a $24.00 price objective on shares of Constellium in a research note on Friday, April 19th. UBS Group initiated coverage on shares of Constellium in a research note on Tuesday, January 16th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $25.60.

Constellium Trading Down 6.3 %

The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10. The business’s fifty day simple moving average is $20.54 and its two-hundred day simple moving average is $18.90. The stock has a market capitalization of $2.88 billion, a P/E ratio of 21.49 and a beta of 1.71.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.23). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. As a group, analysts forecast that Constellium SE will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On Constellium

A number of hedge funds have recently made changes to their positions in CSTM. Covestor Ltd increased its position in Constellium by 12.2% in the 3rd quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 716 shares in the last quarter. Saxon Interests Inc. bought a new position in shares of Constellium in the 1st quarter valued at about $206,000. Highland Capital Management LLC bought a new position in Constellium during the 4th quarter worth approximately $201,000. M&T Bank Corp bought a new position in Constellium during the 4th quarter worth approximately $203,000. Finally, Spire Wealth Management boosted its stake in Constellium by 11.2% during the 3rd quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 1,042 shares during 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.