A Wall Street analyst has provided a review for the Consumer Goods company yesterday, but retained the same rating on the stock. Analyst Todd Coupland from CIBC rated Celestica (CLS) a Buy, setting a C$11.50 price target.
According to TipRanks.com, Coupland is a 1-star analyst with an average return of -4.4% and a 42.9% success rate. Coupland covers the Consumer Goods sector, focusing on stocks such as Sierra Wireless Inc, BlackBerry Limited, and Celestica.
Celestica has an analyst consensus of Hold, with a price target consensus of C$11.50.
Based on Celestica’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$11.24 million. In comparison, last year the company had a net profit of C$18.31 million.
Celestica, Inc. engages in the provision of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. The company offers 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. It offers end of applications, including servers, networking, wireless and telecommunications equipment, storage devices, optical equipment, aerospace and defense electronics, such as in-flight entertainment and guidance systems, healthcare products for diagnostic imaging, audiovisual equipment, set top boxes, printer supplies, peripherals, semiconductor equipment, industrial and green technology electronic equipment, including solar panels and inverters. Celestica was founded in 1994 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$10.87.
