Constellium (NYSE:CSTM) Sets New 52-Week Low – Time to Sell?

Constellium SE (NYSE:CSTM)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $10.45 and last traded at $10.48, with a volume of 385351 shares. The stock had previously closed at $10.91.

Analyst Upgrades and Downgrades

CSTM has been the topic of several recent analyst reports. BMO Capital Markets decreased their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and decreased their price target for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Constellium Trading Down 4.9 %

The firm has a 50-day simple moving average of $12.36 and a 200-day simple moving average of $15.79. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The stock has a market cap of $1.50 billion, a PE ratio of 14.01 and a beta of 1.65.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts forecast that Constellium SE will post 0.71 earnings per share for the current year.

Institutional Trading of Constellium

Large investors have recently bought and sold shares of the company. Mountaineer Partners Management LLC raised its holdings in Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after acquiring an additional 8,428,150 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Constellium by 47.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after acquiring an additional 1,334,550 shares during the last quarter. FMR LLC raised its stake in Constellium by 3.4% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after buying an additional 484,011 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Constellium during the 3rd quarter valued at $7,223,000. Finally, Kailix Advisors LLC raised its stake in Constellium by 40.0% during the 2nd quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock valued at $29,222,000 after buying an additional 413,605 shares during the last quarter. 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.