Constellium Gets a Buy Rating from Credit Suisse

By Jason Carr

In a report released yesterday, Curt Woodworth from Credit Suisse maintained a Buy rating on Constellium (NYSE: CSTM), with a price target of $10. The company’s shares closed yesterday at $6.95.

According to, Woodworth is a 4-star analyst with an average return of 11.9% and a 55.4% 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 Moderate Buy, with a price target consensus of $8.50.

Based on Constellium’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.25 billion and GAAP net loss of $21.55 million. In comparison, last year the company earned revenue of $1.27 billion and had a GAAP net loss of $8.82 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. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. The Packaging & Automotive Rolled Products segment includes the production of rolled aluminum products. 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. It also 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 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 Automotive Structures & Industry segment includes crash-management systems, body structures and side impact beams in Germany, North America and China. It also fabricates hard and soft aluminum alloy extruded profiles. Its products are targeted at end-used in the automotive, engineering, building and construction and other transportation markets i.e. rail and shipbuilding. The company was founded on May 14, 2010 and is headquartered in Schiphol-Rijk, The Netherlands.