J.P. Morgan analyst Bill Peterson maintains $Constellium (CSTM.US)$ with a buy rating, and adjusts the target price from $24 to $20.
According to TipRanks data, the analyst has a success rate of 35.6% and a total average return of -10.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Constellium (CSTM.US)$'s main analysts recently are as follows:
Constellium's third-quarter results were described as 'disappointing,' influenced by a weakening demand forecast across the majority of end markets, with packaging being the exception. Analysts note that the current difficulties experienced by the company, which are expected to continue in the subsequent quarters, have been factored into the assessment.
Constellium's third-quarter results were characterized as 'disappointing' amid challenges including softness in end markets and supply chain difficulties. These issues are considered likely to be 'cyclical, not structural' in nature. The company's stock has been labeled a 'show-me story', which may require time to validate. Moreover, the recent sell-off in shares is viewed as being 'overdone'.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
