Constellium NV Given Consensus Rating of “Buy” by Brokerages (NASDAQ:CSTM)
Constellium NV (NASDAQ:CSTM) has been given an average recommendation of “Buy” by the ten brokerages that are presently covering the company, AnalystRatings.NET reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $33.93.
CSTM has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Constellium NV from a “conviction-buy” rating to a “buy” rating in a research note on Friday, July 25th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Constellium NV in a research note on Thursday, July 17th. They now have a $36.00 price target on the stock, up previously from $31.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Constellium NV in a research note on Monday, July 14th. They now have a $37.00 price target on the stock, up previously from $32.00.
Shares of Constellium NV (NASDAQ:CSTM) opened at 28.76 on Wednesday. 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 $30.92 and a 200-day moving average of $29.06. The company has a market cap of $3.020 billion and a price-to-earnings ratio of 16.47.
Constellium NV (NASDAQ:CSTM) last announced its earnings results on Friday, May 16th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters 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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