Media stories about Celestica (NYSE:CLS) (TSE:CLS) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. The research group, a service of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Celestica earned a news sentiment score of 0.18 on Alpha One’s scale. Alpha One also gave media stories about the technology company an impact score of 85 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Alpha One’s scoring:
- Celestica Announces First Quarter 2017 Financial Results (finance.yahoo.com)
- Celestica Inc (CLS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS (americanbankingnews.com)
- Celestica Inc (CLS) Releases Q2 Earnings Guidance (americanbankingnews.com)
- Shares of CLS Up 42.5% Since Uptrend Call on Shares (mysmartrend.com)
- Celestica (CLS) Receiving Somewhat Favorable Press Coverage, Study Shows (americanbankingnews.com)
A number of equities analysts have recently issued reports on CLS shares. Macquarie raised Celestica from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research report on Friday, January 27th. Royal Bank of Canada reissued a “hold” rating and set a $13.00 price target on shares of Celestica in a research report on Thursday, January 12th. BMO Capital Markets set a $15.00 price target on Celestica and gave the stock a “hold” rating in a research report on Friday, January 27th. Stifel Nicolaus upped their price objective on Celestica from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 27th. Finally, Citigroup Inc upgraded Celestica from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $11.50 to $15.00 in a research note on Thursday, April 6th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.36.
Shares of Celestica (NYSE:CLS) traded up 0.28% during midday trading on Friday, hitting $14.24. The company had a trading volume of 478,141 shares. The firm has a market capitalization of $1.99 billion, a PE ratio of 14.99 and a beta of 1.01. The company has a 50-day moving average of $14.06 and a 200 day moving average of $12.71. Celestica has a 12 month low of $8.83 and a 12 month high of $14.74.
Celestica (NYSE:CLS) last posted its earnings results on Thursday, April 20th. The technology company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Celestica had a return on equity of 14.03% and a net margin of 2.27%. The business earned $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Celestica will post $1.29 EPS for the current fiscal 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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