Somewhat Favorable News Coverage Somewhat Unlikely to Impact Celestica (CLS) Share Price

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News articles about Celestica (NYSE:CLS) (TSE:CLS) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Celestica earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.1227741069893 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several analysts have commented on CLS shares. TD Securities boosted their target price on shares of Celestica from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Beacon Securities downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Celestica from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.50.

Shares of CLS stock traded up $0.03 during mid-day trading on Friday, reaching $12.00. The company’s stock had a trading volume of 248,158 shares, compared to its average volume of 229,329. Celestica has a 1-year low of $9.79 and a 1-year high of $12.76. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 22.37 and a beta of 0.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Celestica had a net margin of 1.24% and a return on equity of 5.83%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. sell-side analysts predict that Celestica will post 0.47 earnings per share for the current year.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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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Insider Buying and Selling by Quarter for Celestica (NYSE:CLS)

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