Celestica Given New $11.00 Price Target at RBC Capital (CLS)
Research analysts at RBC Capital lifted their target price on shares of Celestica (NYSE:CLS) from $10.00 to $11.00 in a report released on Wednesday, Analyst RN reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price suggests a potential downside of 2.05% from the company’s current price.
CLS has been the subject of a number of other recent research reports. Analysts at Paradigm Capital upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $12.50 price target on the stock, up previously from $12.00. Separately, analysts at Deutsche Bank raised their price target on shares of Celestica from $9.50 to $11.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Salman Partners upgraded shares of Celestica to a “buy” rating in a research note to investors on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Celestica currently has a consensus rating of “Hold” and a consensus price target of $11.25.
Celestica (NYSE:CLS) opened at 11.23 on Wednesday. Celestica has a one year low of $6.64 and a one year high of $11.30. The stock has a 50-day moving average of $10.79 and a 200-day moving average of $9.27. The company has a market cap of $2.069 billion and a P/E ratio of 24.49.
Celestica (NYSE:CLS) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts predict that Celestica will post $0.83 earnings per share for the current fiscal year.
Celestica Inc (NYSE:CLS) is a provider of supply chain solutions globally to original equipment manufacturers (OEMs) and service providers in the communications, consumer, computing and diversified end markets.
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