Morgan Stanley Thinks Constellium’s Stock is Going to Recover

By George MacDonald

In a report issued on June 15, Piyush Sood from Morgan Stanley maintained a Buy rating on Constellium (NYSE: CSTM), with a price target of $23. The company’s shares closed yesterday at $11.65, close to its 52-week low of $11.23.

Constellium has an analyst consensus of Moderate Buy, with a price target consensus of $23.50.

Based on Constellium`s latest earnings report from March 31, the company posted quarterly revenue of $1.51B and quarterly net profit of -$34.65M. In comparison, last year the company earned revenue of $1.21B and had a net profit of $39.88M.

Financial bloggers on sites such as wsobserver.com, investorplace.com and others, seem to have Positive view on CSTM. When evaluating the opinions of financial bloggers over the last 3 months, 80% of bloggers have indicated a Bullish sentiment, while 20% have indicated a Bearish sentiment.

According to TipRanks.com, Sood is a 1-star analyst with an average return of -11.1% and a 50.0% success rate. Sood covers the Basic Materials sector, focusing on stocks such as Century Aluminum, Alcoa Inc., and Noranda.

Constellium NV designs and manufactures specialty rolled and extruded aluminium products serving the aerospace, packaging and automotive end-markets.