Celestica Inc. (CLS) Forms $10.90 Double Bottom; 2 Analysts Are Bullish ALLETE, Inc. (ALE) Last Week

Celestica Inc. (CLS) formed double bottom with $10.36 target or 5.00% below today’s $10.90 share price. Celestica Inc. (CLS) has $1.57B valuation. The stock decreased 0.64% or $0.07 during the last trading session, reaching $10.9. About 416,899 shares traded. Celestica Inc. (NYSE:CLS) has risen 35.94% since March 8, 2017 and is uptrending. It has outperformed by 19.24% the S&P500.

Among 9 analysts covering ALLETE Inc (NYSE:ALE), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. ALLETE Inc had 18 analyst reports since October 15, 2015 according to SRatingsIntel. As per Tuesday, December 8, the company rating was upgraded by Wunderlich. The firm earned “Neutral” rating on Friday, November 4 by Macquarie Research. The firm has “Hold” rating given on Monday, October 19 by Wunderlich. Williams Capital Group downgraded the shares of ALE in report on Thursday, October 12 to “Hold” rating. The company was maintained on Monday, June 19 by Williams Capital Group. Wells Fargo initiated the stock with “Market Perform” rating in Thursday, October 15 report. As per Friday, October 20, the company rating was downgraded by Ladenburg. The company was maintained on Wednesday, March 30 by JP Morgan. As per Thursday, October 19, the company rating was downgraded by KeyBanc Capital Markets. Wells Fargo maintained the stock with “Hold” rating in Tuesday, February 13 report. See ALLETE, Inc. (NYSE:ALE) latest ratings:

28/02/2018 Broker: Mizuho Rating: Buy New Target: $71.5 Initiates Coverage On
13/02/2018 Broker: Wells Fargo Rating: Hold New Target: $71.0 Maintain
25/01/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $76 New Target: $73 Maintain
02/01/2018 Broker: Guggenheim Rating: Hold New Target: $76.0 Maintain
15/11/2017 Broker: JP Morgan Rating: Underweight Old Target: $73 New Target: $76 Maintain
20/10/2017 Broker: Ladenburg Rating: Hold New Target: $78.0 Downgrade
19/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Downgrade
12/10/2017 Broker: Williams Capital Group Old Rating: Buy New Rating: Hold Downgrade
12/10/2017 Broker: JP Morgan Rating: Underweight Old Target: $66 New Target: $73 Maintain

Among 12 analysts covering Celestica (NYSE:CLS), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Celestica had 36 analyst reports since October 21, 2015 according to SRatingsIntel. On Friday, April 7 the stock rating was upgraded by Citigroup to “Neutral”. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, January 24. The stock of Celestica Inc. (NYSE:CLS) earned “Sector Outperform” rating by Howard Weil on Friday, January 29. Canaccord Genuity maintained Celestica Inc. (NYSE:CLS) rating on Thursday, January 25. Canaccord Genuity has “Buy” rating and $13.0 target. The firm earned “Hold” rating on Thursday, January 25 by Scotia Capital. The firm has “Buy” rating given on Friday, July 22 by Canaccord Genuity. The stock of Celestica Inc. (NYSE:CLS) earned “Hold” rating by Stifel Nicolaus on Wednesday, August 16. The stock has “Buy” rating by Canaccord Genuity on Thursday, October 26. As per Wednesday, October 21, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained it with “Hold” rating and $12.5 target in Friday, October 27 report.

Analysts await Celestica Inc. (NYSE:CLS) to report earnings on April, 19. 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 $23.05M for 17.03 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.

The stock increased 1.00% or $0.67 during the last trading session, reaching $67.86. About 557,220 shares traded or 25.05% up from the average. ALLETE, Inc. (NYSE:ALE) has risen 26.32% since March 8, 2017 and is uptrending. It has outperformed by 9.62% the S&P500.

ALLETE, Inc. operates as an energy company. The company has market cap of $3.47 billion. The firm operates through three divisions: Regulated Operations, ALLETE Clean Energy, and U.S. It has a 20.08 P/E ratio. Water Services.