Media coverage about Celestica (NYSE:CLS) (TSE:CLS) has been trending somewhat negative on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Celestica earned a coverage optimism score of 0.00 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 75 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the near term.
Several research analysts have recently weighed in on the stock. Citigroup Inc. raised shares of Celestica from a “sell” rating to a “neutral” rating and upped their price target for the stock from $11.50 to $15.00 in a report on Thursday, April 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $15.00 price target (up previously from $13.00) on shares of Celestica in a report on Sunday, April 23rd. Scotiabank reaffirmed a “sector perform” rating and issued a $15.00 price target on shares of Celestica in a report on Friday, April 21st. TD Securities upped their price target on shares of Celestica from $12.00 to $13.50 and gave the stock a “hold” rating in a report on Friday, April 21st. Finally, BMO Capital Markets set a $16.00 price target on shares of Celestica and gave the stock a “hold” rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Celestica has a consensus rating of “Hold” and an average target price of $14.16.
Shares of Celestica (NYSE:CLS) traded down 0.80% on Friday, reaching $13.64. 378,055 shares of the company traded hands. Celestica has a 1-year low of $8.83 and a 1-year high of $14.74. The firm has a market capitalization of $1.95 billion, a P/E ratio of 14.67 and a beta of 0.69. The stock has a 50-day moving average price of $13.84 and a 200 day moving average price of $13.52.
Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Thursday, April 20th. The technology company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Celestica had a net margin of 2.18% and a return on equity of 14.14%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Celestica will post $1.30 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Somewhat Negative Press Coverage Likely to Impact Celestica (NYSE:CLS) Stock Price” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/16/somewhat-negative-media-coverage-likely-to-affect-celestica-cls-stock-price-updated-updated-updated.html.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
Receive News & Ratings for Celestica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica Inc. and related companies with MarketBeat.com's FREE daily email newsletter.