Celestica Receives Average Recommendation of “Hold” from Brokerages (NYSE:CLS)
Celestica (NYSE:CLS) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Stock Ratings Network.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $11.96.
Shares of Celestica (NYSE:CLS) traded down 0.63% during mid-day trading on Tuesday, hitting $12.71. 135,233 shares of the company’s stock traded hands. Celestica has a one year low of $8.83 and a one year high of $13.01. The stock has a 50-day moving average of $11.73 and a 200-day moving average of $10.60. The company has a market cap of $2.293 billion and a P/E ratio of 16.40.
Celestica (NYSE:CLS) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $1.32 million for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts predict that Celestica will post $1.00 earnings per share for the current fiscal year.
CLS has been the subject of a number of recent research reports. Analysts at Raymond James downgraded shares of Celestica from an “outperform” rating to a “market perform” rating in a research note on Tuesday. They now have a $12.00 price target on the stock. Analysts at Salman Partners raised their price target on shares of Celestica from $13.70 to $14.75 in a research note on Monday. They now have a “buy” rating on the stock.
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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