Constellium Stock Rating Reaffirmed by Barclays (CSTM)
Constellium (NASDAQ:CSTM)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a report released on Thursday, Analyst Ratings Network reports. They currently have a $32.00 price target on the stock. Barclays’ price target indicates a potential upside of 11.77% from the company’s current price.
Constellium (NASDAQ:CSTM) traded down 3.89% during mid-day trading on Thursday, hitting $28.63. 2,121,300 shares of the company’s stock traded hands. Constellium has a 1-year low of $13.26 and a 1-year high of $30.33. The stock has a 50-day moving average of $28.22 and a 200-day moving average of $23.16. The company has a market cap of $2.952 billion and a price-to-earnings ratio of 23.24.
Constellium (NASDAQ:CSTM) last released its earnings data on Thursday, March 20th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $3.50 million for the quarter, compared to the consensus estimate of $3.61 million. The company’s quarterly revenue was down 8.9% on a year-over-year basis.
A number of other firms have also recently commented on CSTM. Analysts at Societe Generale raised their price target on shares of Constellium from $25.00 to $33.00 in a research note on Thursday. Separately, analysts at UBS AG raised their price target on shares of Constellium from $24.00 to $32.00 in a research note on Friday, March 21st. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Constellium from $25.00 to $33.00 in a research note on Friday, March 21st. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Constellium currently has an average rating of “Buy” and an average price target of $29.97.
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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