Constellium NV Given Overweight Rating at JPMorgan Chase & Co. (CSTM)
Constellium NV (NASDAQ:CSTM)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a $36.00 target price on the stock, up from their previous target price of $31.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 16.09% from the stock’s previous close.
A number of other analysts have also recently weighed in on CSTM. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Constellium NV in a research note on Monday. They now have a $37.00 price target on the stock, up previously from $32.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Constellium NV in a research note on Thursday, July 3rd. They now have a $36.00 price target on the stock, up previously from $35.00. Finally, analysts at Sterne Agee initiated coverage on shares of Constellium NV in a research note on Thursday, June 12th. They set a “buy” rating and a $30.43 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.46.
Shares of Constellium NV (NASDAQ:CSTM) traded up 2.06% during mid-day trading on Thursday, hitting $31.65. 1,286,724 shares of the company’s stock traded hands. Constellium NV has a 52-week low of $16.60 and a 52-week high of $32.61. The stock has a 50-day moving average of $30.98 and a 200-day moving average of $28.33. The company has a market cap of $3.323 billion and a price-to-earnings ratio of 17.53.
Constellium NV (NASDAQ:CSTM) last released its earnings data on Friday, May 16th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.09. The company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $929.73 million. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.
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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