Celestica (CLS) Earning Favorable News Coverage, Study Finds

News stories about Celestica (NYSE:CLS) (TSE:CLS) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Celestica earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.9342619386813 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several analysts have recently commented on the company. BidaskClub lowered Celestica from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Canaccord Genuity reiterated a “buy” rating on shares of Celestica in a report on Friday, July 28th. BMO Capital Markets decreased their price objective on Celestica from $14.50 to $13.40 and set a “market perform” rating for the company in a report on Wednesday, July 26th. Bank of America Corporation assumed coverage on Celestica in a report on Thursday, June 15th. They set a “neutral” rating and a $15.50 price objective for the company. Finally, Macquarie lowered Celestica from an “outperform” rating to a “neutral” rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Celestica has an average rating of “Hold” and an average target price of $13.92.

Celestica (NYSE CLS) traded up 0.83% during trading on Monday, hitting $12.20. The company had a trading volume of 81,391 shares. The firm’s 50 day moving average is $11.76 and its 200-day moving average is $13.38. Celestica has a 52-week low of $10.16 and a 52-week high of $14.74. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.26 and a beta of 0.67.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.55 billion. During the same period last year, the firm earned $0.29 earnings per share. Celestica’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.

WARNING: “Celestica (CLS) Earning Favorable News Coverage, Study Finds” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://sportsperspectives.com/2017/09/11/celestica-cls-earning-favorable-news-coverage-study-finds.html.

About Celestica

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.

Insider Buying and Selling by Quarter for Celestica (NYSE:CLS)

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

Latest News

Leave a Reply