Celestica Inc. (CLS) At $10.55 Forms Bottom; Echo Global Logistics (ECHO)’s Sentiment Is 1.26

Celestica Inc. (NYSE:CLS) Logo

Echo Global Logistics Inc (ECHO) investors sentiment increased to 1.26 in Q4 2017. It’s up 0.09, from 1.17 in 2017Q3. The ratio is more positive, as 77 investment professionals increased and started new equity positions, while 61 reduced and sold their positions in Echo Global Logistics Inc. The investment professionals in our database reported: 26.25 million shares, up from 25.35 million shares in 2017Q3. Also, the number of investment professionals holding Echo Global Logistics Inc in top ten equity positions increased from 0 to 3 for an increase of 3. Sold All: 8 Reduced: 53 Increased: 35 New Position: 42.

Celestica Inc. (CLS) formed multiple bottom with $9.60 target or 9.00% below today’s $10.55 share price. Celestica Inc. (CLS) has $1.51 billion valuation. The stock increased 1.74% or $0.18 during the last trading session, reaching $10.55. About 443,460 shares traded. Celestica Inc. (NYSE:CLS) has declined 26.94% since April 25, 2017 and is downtrending. It has underperformed by 38.49% the S&P500.

Among 12 analysts covering Celestica (NYSE:CLS), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Celestica has $15.5000 highest and $0.75 lowest target. $12.80’s average target is 21.33% above currents $10.55 stock price. Celestica had 36 analyst reports since October 21, 2015 according to SRatingsIntel. As per Thursday, June 22, the company rating was downgraded by Macquarie Research. The firm has “Hold” rating given on Wednesday, January 24 by BMO Capital Markets. The firm has “Sector Perform” rating given on Friday, October 30 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, January 25 by Canaccord Genuity. The stock of Celestica Inc. (NYSE:CLS) earned “Buy” rating by Standpoint Research on Thursday, August 17. Canaccord Genuity upgraded the stock to “Buy” rating in Friday, July 22 report. RBC Capital Markets maintained the shares of CLS in report on Wednesday, August 16 with “Hold” rating. On Wednesday, January 24 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 15. RBC Capital Markets maintained the shares of CLS in report on Friday, October 27 with “Hold” rating.

Analysts await Celestica Inc. (NYSE:CLS) to report earnings on April, 27 before the open. They expect $0.16 earnings per share, down 33.33% or $0.08 from last year’s $0.24 per share. CLS’s profit will be $22.87M for 16.48 P/E if the $0.16 EPS becomes a reality. After $0.10 actual earnings per share reported by Celestica Inc. for the previous quarter, Wall Street now forecasts 60.00% EPS growth.

Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. The company has market cap of $776.28 million. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. It has a 61.56 P/E ratio. The firm offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.

Rutabaga Capital Management Llc Ma holds 3.45% of its portfolio in Echo Global Logistics, Inc. for 535,826 shares. Taylor Frigon Capital Management Llc owns 106,370 shares or 2.42% of their US portfolio. Moreover, Next Century Growth Investors Llc has 2.17% invested in the company for 624,758 shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 2.15% in the stock. Summit Creek Advisors Llc, a Minnesota-based fund reported 309,450 shares.

Echo Global Logistics, Inc. (NASDAQ:ECHO) Institutional Positions Chart