JPMorgan Chase & Co. Lowers Constellium (NYSE:CSTM) Price Target to $27.00

Constellium (NYSE:CSTM) had its target price cut by research analysts at JPMorgan Chase & Co. from $28.00 to $27.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 30.50% from the stock’s previous close.

Several other research firms have also issued reports on CSTM. Deutsche Bank Aktiengesellschaft raised their price objective on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. UBS Group began coverage on Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Constellium in a research note on Friday, April 19th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $25.40.

Constellium Stock Performance

NYSE CSTM opened at $20.69 on Thursday. The stock has a market capitalization of $2.99 billion, a PE ratio of 22.99 and a beta of 1.71. The business has a 50 day simple moving average of $20.59 and a two-hundred day simple moving average of $18.92. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.31 and a quick ratio of 0.52. Constellium has a 1-year low of $13.77 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.15). The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Constellium had a net margin of 1.73% and a return on equity of 15.68%. On average, research analysts predict that Constellium will post 1.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd lifted its stake in shares of Constellium by 12.2% during the 3rd quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 716 shares during the last quarter. Spire Wealth Management raised its position in Constellium by 11.2% during the 3rd quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 1,042 shares in the last quarter. Highland Capital Management LLC bought a new stake in Constellium during the 4th quarter valued at $201,000. M&T Bank Corp bought a new stake in Constellium during the 4th quarter valued at $203,000. Finally, Teza Capital Management LLC bought a new stake in Constellium during the 3rd quarter valued at $206,000. 92.59% of the stock is owned by institutional investors.

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.