Credit Suisse analyst Curt Woodworth maintained a Buy rating on Constellium (NYSE: CSTM) yesterday and set a price target of $10. The company’s shares closed yesterday at $7.40, close to its 52-week high of $7.95.
According to TipRanks.com, Woodworth is a 4-star analyst with an average return of 11.6% and a 58.1% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Teck Resources Limited, and Kaiser Aluminum Corp.
Constellium has an analyst consensus of Strong Buy, with a price target consensus of $7.50.
The company has a one year high of $7.95 and a one year low of $3.95. Currently, Constellium has an average volume of 677K.
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Constellium NV 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 three segments: Aerospace & Transportation, Packaging & Automotive Rolled Products and Automotive Structures & Industry. 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. It produces aluminum plate, sheet and fabricated products in its European and North American facilities. The Packaging & Automotive Rolled Products segment includes the production of rolled aluminum products in its French and German facilities. It supplies the packaging market with can stock and closure stock for the beverage and food industry, as well as foil stock for the flexible packaging market. In addition this segment supplies products for a number of technically sophisticated applications such as automotive sheet, heat exchangers, and sheet and coils for the building and constructions markets. The Automotive Structures & Industry segment includes the production of hard and soft aluminum alloy extruded profiles in Germany, France, the Czech Republic and Slovakia. Its extruded products are targeted at high demand end-uses in the automotive, engineering, building and construction and other transportation markets. The company was founded on May 14, 2010 and is headquartered in Schiphol-Rijk, The Netherlands.
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