Celestica (CLS) Getting Favorable Press Coverage, Accern Reports
News articles about Celestica (NYSE:CLS) (TSE:CLS) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Celestica earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.5884673011725 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Celestica Inc. (CLS) registers a price change of 0.73% while Veeco Instruments Inc. (VECO) finishes with a flow of 0.00% – Stocks Gallery (stocksgallery.com)
- Celestica Inc. (CLS) registers a price change of 0.73% while Veeco Instruments Inc. (VECO) – Stocks Gallery (stocksgallery.com)
- Celestica, Inc. (CLS) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Celestica, Inc. – Value Analysis (NYSE:CLS) : September 14, 2017 (finance.yahoo.com)
- Advice by Analysts to Hold Tech Stock: Celestica Inc. (CLS) – Street Observer (press release) (streetobserver.com)
Celestica (NYSE:CLS) traded up 0.56% during mid-day trading on Friday, reaching $12.47. The company had a trading volume of 373,221 shares. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.55 and a beta of 0.67. The stock has a 50-day moving average of $11.70 and a 200 day moving average of $13.34. Celestica has a 12-month low of $10.16 and a 12-month high of $14.74.
Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.08). The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Celestica had a net margin of 2.12% and a return on equity of 13.64%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. On average, analysts expect that Celestica will post $1.27 EPS for the current year.
CLS has been the subject of several research analyst reports. BidaskClub downgraded Celestica from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Canaccord Genuity reiterated a “buy” rating on shares of Celestica in a research note on Friday, July 28th. BMO Capital Markets reduced their target price on Celestica from $14.50 to $13.40 and set a “market perform” rating for the company in a research note on Wednesday, July 26th. Bank of America Corporation initiated coverage on Celestica in a research note on Thursday, June 15th. They set a “neutral” rating and a $15.50 target price for the company. Finally, Macquarie downgraded Celestica from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.92.
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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