Stifel Nicolaus analyst Matthew Sheerin reiterated a Hold rating on Celestica (CLS) on January 31 and set a price target of $12. The company’s shares closed on Friday at $8.10, close to its 52-week low of $7.53.
According to TipRanks.com, Sheerin is ranked #455 out of 5144 analysts.
Celestica has an analyst consensus of Hold, with a price target consensus of $9.67, a 19.4% upside from current levels. In a report issued on February 1, Macquarie also downgraded the stock to Hold with a $10 price target.
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Based on Celestica’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.73 billion and net profit of $60.1 million. In comparison, last year the company had a net profit of $14.4 million.
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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.
