Constellium (NYSE:CSTM) Hits New 12-Month Low – Time to Sell?

Constellium SE (NYSE:CSTM)’s share price reached a new 52-week low during mid-day trading 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.

Analysts Set New Price Targets

Several brokerages have recently commented on CSTM. BMO Capital Markets reduced their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.50.

Constellium Stock Performance

The stock has a 50 day moving average price of $10.39 and a two-hundred day moving average price of $13.09. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.87 and a beta of 1.68.

Institutional Investors Weigh In On Constellium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its position in shares of Constellium by 4.5% during the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 1,079 shares in the last quarter. Quantinno Capital Management LP raised its position in Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 1,162 shares during the last quarter. Highland Capital Management LLC lifted its holdings in Constellium by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after buying an additional 1,233 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after buying an additional 1,500 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Constellium by 25.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock valued at $82,000 after buying an additional 1,645 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.