BMO Capital Markets Reaffirms Market Perform Rating for Celestica Inc (CLS)
Celestica Inc (TSE:CLS) (NYSE:CLS)‘s stock had its “market perform” rating reaffirmed by analysts at BMO Capital Markets in a report issued on Friday. They currently have a C$12.50 price objective on the stock. BMO Capital Markets’ target price indicates a potential downside of 9.42% from the stock’s current price.
Celestica (TSE:CLS) traded down 9.74% during trading on Friday, reaching $13.80. The company had a trading volume of 1,273,216 shares. The firm has a market capitalization of $1.98 billion and a PE ratio of 15.00. The firm’s 50 day moving average price is $15.32 and its 200 day moving average price is $16.88. Celestica has a 12-month low of $13.49 and a 12-month high of $19.94.
Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Tuesday, July 25th. The company reported C$0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.32. Celestica had a net margin of 2.21% and a return on equity of 10.63%. The company had revenue of C$2.10 billion for the quarter, compared to analysts’ expectations of C$1.98 billion. Equities research analysts forecast that Celestica will post $1.27 EPS for the current year.
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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.
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