Celestica (CLS) Sets New 12-Month Low at $9.09

Share on StockTwits

Shares of Celestica Inc (NYSE:CLS) (TSE:CLS) reached a new 52-week low on Friday . The company traded as low as $9.09 and last traded at $9.10, with a volume of 327246 shares traded. The stock had previously closed at $9.35.

CLS has been the subject of a number of recent analyst reports. Beacon Securities raised Celestica from a “hold” rating to a “buy” rating in a research report on Wednesday, October 10th. TheStreet cut Celestica from a “b-” rating to a “c+” rating in a research report on Thursday, October 25th. BMO Capital Markets set a $12.00 price objective on Celestica and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Macquarie raised Celestica from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 10th. Finally, Zacks Investment Research cut Celestica from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.40.

The company has a market capitalization of $1.25 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 5.78 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.79 and a quick ratio of 1.10.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Wednesday, October 24th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.14. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. Celestica had a return on equity of 4.03% and a net margin of 0.82%. On average, analysts forecast that Celestica Inc will post 0.39 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of CLS. Goodman Financial Corp raised its stake in Celestica by 2.6% in the 2nd quarter. Goodman Financial Corp now owns 300,500 shares of the technology company’s stock worth $3,567,000 after acquiring an additional 7,505 shares during the last quarter. Cumberland Partners Ltd purchased a new position in Celestica in the 2nd quarter worth $5,176,000. CIBC Asset Management Inc raised its stake in Celestica by 2,736.7% in the 2nd quarter. CIBC Asset Management Inc now owns 1,481,221 shares of the technology company’s stock worth $17,614,000 after acquiring an additional 1,429,004 shares during the last quarter. Janus Henderson Group PLC raised its stake in Celestica by 27.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,051,770 shares of the technology company’s stock worth $48,095,000 after acquiring an additional 884,595 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Celestica by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 614,014 shares of the technology company’s stock worth $7,288,000 after acquiring an additional 12,027 shares during the last quarter. Institutional investors own 68.16% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by BBNS and is the sole property of of BBNS. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://baseballnewssource.com/2018/12/16/celestica-cls-sets-new-12-month-low-at-9-09/3085151.html.

Celestica Company Profile (NYSE:CLS)

Celestica, Inc engages in the provision of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. The company offers 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.

Read More: What is Cost of Debt?

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.