Celestica Given Average Rating of “Hold” by Brokerages (NYSE:CLS)
Celestica (NYSE:CLS) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the company, Analyst RN reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.09.
Celestica (NYSE:CLS) opened at 10.38 on Tuesday. Celestica has a 52 week low of $9.05 and a 52 week high of $13.01. The stock has a 50-day moving average of $11.80 and a 200-day moving average of $10.93. The company has a market cap of $1.855 billion and a price-to-earnings ratio of 12.08.
Celestica (NYSE:CLS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Celestica will post $1.00 EPS for the current fiscal year.
A number of research firms have recently commented on CLS. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Celestica in a research note on Friday, July 25th. They now have a $10.00 price target on the stock, up previously from $9.00. Separately, analysts at Scotiabank downgraded shares of Celestica from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, July 22nd. Finally, 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.
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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