Celestica Inc. (CLS) At $10.32 Forms Bottom; Raymond James & Associates Upped By $1.09 Million Its Mckesson (MCK) Position

April 17, 2018 - By Marie Mckinney

Celestica Inc. (NYSE:CLS) Logo

Raymond James & Associates increased Mckesson Corp (MCK) stake by 6.41% reported in 2017Q4 SEC filing. Raymond James & Associates acquired 7,032 shares as Mckesson Corp (MCK)’s stock declined 12.43%. The Raymond James & Associates holds 116,691 shares with $18.20M value, up from 109,659 last quarter. Mckesson Corp now has $30.51 billion valuation. The stock increased 3.52% or $5.03 during the last trading session, reaching $147.88. About 3.44M shares traded or 91.36% up from the average. McKesson Corporation (NYSE:MCK) has declined 6.57% since April 17, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Celestica Inc. (CLS) formed multiple bottom with $9.70 target or 6.00% below today’s $10.32 share price. Celestica Inc. (CLS) has $1.41 billion valuation. The stock increased 0.49% or $0.05 during the last trading session, reaching $10.32. About 264,648 shares traded. Celestica Inc. (NYSE:CLS) has declined 26.94% since April 17, 2017 and is downtrending. It has underperformed by 38.49% the S&P500.

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 $21.80M for 16.13 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.

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 24.03% above currents $10.32 stock price. Celestica had 36 analyst reports since October 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Monday, May 29. The company was maintained on Friday, January 15 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, August 16 by Stifel Nicolaus. The rating was upgraded by Standpoint Research to “Buy” on Thursday, August 17. TD Securities maintained it with “Hold” rating and $13.5 target in Thursday, October 19 report. The stock of Celestica Inc. (NYSE:CLS) earned “Sector Perform” rating by RBC Capital Markets on Monday, January 18. The company was maintained on Thursday, January 25 by Canaccord Genuity. The rating was downgraded by Standpoint Research on Friday, November 18 to “Hold”. The firm earned “Hold” rating on Wednesday, January 24 by BMO Capital Markets. The firm has “Neutral” rating given on Friday, July 29 by Macquarie Research.

Raymond James & Associates decreased Ishares Tr (REET) stake by 3.65M shares to 42,336 valued at $1.11 million in 2017Q4. It also reduced Blackbaud Inc (NASDAQ:BLKB) stake by 4,196 shares and now owns 21,976 shares. Ishares Tr (IAT) was reduced too.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 82 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, October 10 by Cowen & Co. Credit Suisse downgraded the stock to “Sell” rating in Monday, December 18 report. The stock of McKesson Corporation (NYSE:MCK) has “Mkt Perform” rating given on Tuesday, January 12 by Raymond James. As per Tuesday, January 12, the company rating was maintained by Deutsche Bank. On Thursday, October 6 the stock rating was initiated by UBS with “Neutral”. As per Monday, April 24, the company rating was maintained by Leerink Swann. The rating was upgraded by Mizuho to “Buy” on Wednesday, November 9. Needham maintained the stock with “Buy” rating in Friday, February 2 report. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Zacks on Wednesday, August 26. Mizuho maintained McKesson Corporation (NYSE:MCK) rating on Friday, January 15. Mizuho has “Buy” rating and $193.0 target.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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