News headlines about Celestica (NYSE:CLS) (TSE:CLS) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Celestica earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.885927402283 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- Trading Watch: Percentage Price Oscillator is Above Signal for Celestica Inc (CLS) – Lockport Press (lockportpress.com)
- Should You Buy Celestica Inc (TSX:CLS)? (finance.yahoo.com)
- Celestica : As part of Celestica’s transformation, the company re-energizes brand identity (4-traders.com)
- Celestica Launches Renewed Brand – Markets Insider (markets.businessinsider.com)
CLS has been the subject of a number of research analyst reports. BidaskClub lowered Celestica from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Macquarie lowered Celestica from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 22nd. Bank of America Corporation initiated coverage on Celestica in a research note on Thursday, June 15th. They issued a “neutral” rating and a $15.50 target price for the company. Scotiabank set a $15.00 target price on Celestica and gave the stock a “sector perform” rating in a research note on Wednesday, July 26th. Finally, Canaccord Genuity restated a “buy” rating on shares of Celestica in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.92.
Celestica (CLS) traded up 1.05% during trading on Friday, hitting $12.48. The company’s stock had a trading volume of 273,473 shares. Celestica has a one year low of $10.16 and a one year high of $14.74. The firm has a market cap of $1.79 billion, a PE ratio of 13.57 and a beta of 0.67. The company has a 50-day moving average of $11.73 and a 200 day moving average of $13.32.
Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.08). Celestica had a net margin of 2.12% and a return on equity of 13.64%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts forecast that Celestica will post $1.27 earnings per share 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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