J.P. Morgan Sticks to Its Buy Rating for Constellium (CSTM)
In a report released on October 5, Bill Peterson from J.P. Morgan maintained a Buy rating on Constellium, with a price target of $17.00. The company’s shares opened today at $15.15.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Peterson covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Alcoa, and MP Materials. According to TipRanks, Peterson has an average return of -2.8% and a 46.86% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellium with a $17.30 average price target.
CSTM market cap is currently $2.15B and has a P/E ratio of 78.58.
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.