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Equities research analysts at Morgan Stanley hoisted their target price on shares of Constellium (NASDAQ:CSTM) to $34.00 in a research note issued to investors on Wednesday, Analyst Ratings Net reports. Morgan Stanley’s target price indicates a potential upside of 22.66% from the stock’s previous close.

Shares of Constellium (NASDAQ:CSTM) traded down 1.46% during mid-day trading on Wednesday, hitting $27.72. 1,674,076 shares of the company’s stock traded hands. Constellium has a one year low of $13.26 and a one year high of $29.08. The stock’s 50-day moving average is $25.31 and its 200-day moving average is $21.11. The company has a market cap of $2.911 billion and a price-to-earnings ratio of 18.03.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Constellium from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, February 11th. They now have a $35.00 price target on the stock, up previously from $27.00. Analysts at Zacks downgraded shares of Constellium from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. They now have a $23.70 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Constellium presently has a consensus rating of “Buy” and a consensus target price of $25.96.

Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions.

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