Constellium (NYSE:CSTM) Reaches New 1-Year Low – What’s Next?

Constellium SE (NYSE:CSTM) reached a new 52-week low on Monday . The stock traded as low as $14.12 and last traded at $14.15, with a volume of 798727 shares. The stock had previously closed at $15.00.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, BMO Capital Markets dropped their target price on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Constellium presently has a consensus rating of “Buy” and a consensus target price of $23.80.

Constellium Price Performance

The company has a market cap of $2.04 billion, a price-to-earnings ratio of 16.34 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The company has a fifty day moving average price of $15.97 and a two-hundred day moving average price of $18.42.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. As a group, equities research analysts anticipate that Constellium SE will post 1.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Constellium

Large investors have recently modified their holdings of the stock. CWM LLC grew its position in Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 676 shares during the last quarter. Blue Trust Inc. lifted its position in Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,753 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Constellium during the 2nd quarter worth about $85,000. Quarry LP increased its position in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 3,735 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

About Constellium

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.