Celestica Downgraded by Scotiabank to Underperform (CLS)
Celestica (NYSE:CLS) was downgraded by stock analysts at Scotiabank from a “sector perform” rating to an “underperform” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
CLS has been the subject of a number of other 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, June 24th. 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, June 23rd. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.96.
Celestica (NYSE:CLS) traded down 2.27% on Tuesday, hitting $11.63. The stock had a trading volume of 200,705 shares. Celestica has a 52-week low of $9.05 and a 52-week high of $13.01. The stock’s 50-day moving average is $12.24 and its 200-day moving average is $10.91. The company has a market cap of $2.098 billion and a price-to-earnings ratio of 15.26.
Celestica (NYSE:CLS) last posted its quarterly earnings results 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. Analysts expect that Celestica will post $1.00 EPS 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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