Constellium NV given average recommendation of “Buy” by analysts

Shares of Constellium NV have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are covering the company, Analyst Ratings Network reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.51.

A number of analysts have recently weighed in on CSTM shares. 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. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Constellium NV in a research note on Monday, May 19th. They now have a $35.00 price target on the stock, up previously from $32.00. Finally, analysts at Zacks downgraded shares of Constellium NV from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $29.20 price target on the stock.

Constellium NV opened at 31.86 on Wednesday. Constellium NV has a 52-week low of $15.09 and a 52-week high of $32.41. The stock has a 50-day moving average of $30.20 and a 200-day moving average of $27.37. The company has a market cap of $3.345 billion and a price-to-earnings ratio of 17.93.

Constellium NV last announced its earnings results on Friday, May 16th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ 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. Constellium NV’s revenue was down 3.1% compared to the same quarter last year.

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