J.P. Morgan Sticks to Its Buy Rating for Constellium (CSTM)
In a report released today, Bill Peterson from J.P. Morgan maintained a Buy rating on Constellium (CSTM – Research Report), with a price target of $12.00. The company’s shares closed last Friday at $9.30.
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According to TipRanks, Peterson is an analyst with an average return of -11.6% and a 34.86% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Nucor, Steel Dynamics, and United States Steel.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellium with a $16.67 average price target.
CSTM market cap is currently $1.33B and has a P/E ratio of 29.89.
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