In a report released yesterday, Katja Jancic from BMO Capital assigned a Buy rating to Constellium (CSTM – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $18.75.
Jancic covers the Basic Materials sector, focusing on stocks such as Alcoa, Century Aluminum, and Nucor. According to TipRanks, Jancic has an average return of 14.0% and a 77.78% success rate on recommended stocks.
Constellium has an analyst consensus of Strong Buy, with a price target consensus of $20.67, which is a 10.24% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a $21.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
CSTM market cap is currently $2.54B and has a P/E ratio of 17.78.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Constellium SE operates as a holding company with interest in the design and manufacture of a range of specialty rolled, and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company operates through the following segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. The Packaging & Automotive Rolled Products segment includes the production of rolled aluminum products. The Aerospace & Transportation segment includes the production of rolled and extruded aluminum products for the aerospace market, as well as rolled products for transport and industry end-uses. The Automotive Structures & Industry segment includes crash-management systems, body structures and side impact beams in Germany, North America and China. The company was founded on May 14, 2010 and is headquartered in Paris, France.
Read More on CSTM:
- Constellium Reports Second Quarter and First Half 2023 Results
- CSTM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Constellium to sell three German extrusion plants to Vaessen Aluminium
- Constellium price target lowered to $21 from $24 at JPMorgan
- Constellium to Report Second Quarter 2023 Results on July 26, 2023
