ValuEngine Lowers Celestica (CLS) to Sell
Celestica (NYSE:CLS) (TSE:CLS) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Saturday.
Several other analysts have also recently commented on the company. TD Securities decreased their target price on Celestica from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday. Macquarie upgraded Celestica from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 10th. TheStreet cut Celestica from a “b-” rating to a “c+” rating in a report on Thursday, October 25th. Beacon Securities upgraded Celestica from a “hold” rating to a “buy” rating in a report on Wednesday, October 10th. Finally, Zacks Investment Research upgraded Celestica from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.00.
Shares of CLS stock opened at $8.10 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.11 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.57 and a beta of 0.84. Celestica has a 52 week low of $7.53 and a 52 week high of $12.59.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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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