BMO Capital Reaffirms Their Hold Rating on Constellium

By Austin Angelo

BMO Capital analyst David Gagliano reiterated a Hold rating on Constellium (NYSE: CSTM) yesterday and set a price target of $15. The company’s shares closed yesterday at $12.30.

According to TipRanks.com, Gagliano is a 3-star analyst with an average return of 1.3% and a 45.8% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as United States Steel, AK Steel Holding, and Nucor Corp.

Currently, the analyst consensus on Constellium is a Moderate Buy with an average price target of $15.

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Based on Constellium’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $65.5 million. In comparison, last year the company had a net profit of $17.62 million.

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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.