Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Celestica (CLS) Share Price

News headlines about Celestica (NYSE:CLS) (TSE:CLS) have been trending somewhat positive on Friday, Accern reports. Accern identifies positive and negative media 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 positive one, with scores nearest to one being the most favorable. Celestica earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.6835417833705 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their target price on Celestica from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, October 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $14.00 price target on shares of Celestica in a research report on Friday, October 27th. TheStreet lowered Celestica from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, TD Securities cut their price target on Celestica from $13.50 to $11.50 and set a “hold” rating on the stock in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.93.

Celestica (NYSE CLS) opened at $10.59 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.13. Celestica has a twelve month low of $9.79 and a twelve month high of $14.74. The stock has a market capitalization of $1,520.00, a P/E ratio of 10.06 and a beta of 0.71.

Celestica announced that its board has authorized a share buyback plan on Thursday, October 26th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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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.

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