Constellium (NYSE:CSTM) Hits New 52-Week Low – What’s Next?

Constellium SE (NYSE:CSTM)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $9.29 and last traded at $9.34, with a volume of 8502 shares. The stock had previously closed at $9.46.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSTM. BMO Capital Markets dropped their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $12.00 in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Constellium presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Constellium Stock Performance

The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock’s 50 day moving average price is $10.49 and its 200 day moving average price is $13.14. The company has a market capitalization of $1.38 billion, a P/E ratio of 12.69 and a beta of 1.68.

Institutional Trading of Constellium

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of 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. Geneos Wealth Management Inc. bought a new stake in Constellium in the fourth quarter valued at $31,000. New Age Alpha Advisors LLC acquired a new position in shares of Constellium during the fourth quarter valued at about $70,000. Quarry LP raised its holdings in shares of Constellium by 45.3% during the third quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 2,273 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Constellium by 41.5% during the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 2,805 shares in the last quarter. Institutional investors 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.