Constellium NV given average recommendation of “Buy” by Brokerages

Constellium NV has earned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.65.

CSTM has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Constellium NV in a research note on Monday. They now have a $35.00 price target on the stock, up previously from $32.00. Separately, 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. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Constellium NV in a research note on Thursday, April 10th. They now have a $32.00 price target on the stock, up previously from $25.00.

Shares of Constellium NV opened at 29.95 on Monday. Constellium NV has a 52-week low of $13.26 and a 52-week high of $31.11. The stock’s 50-day moving average is $29.66 and its 200-day moving average is $25.44. The company has a market cap of $3.145 billion and a P/E ratio of 16.79.

Constellium NV last issued its quarterly earnings data 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 quarterly revenue 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.