Shares of Celestica Inc (NYSE:CLS) (TSE:CLS) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.63.
A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Celestica from $5.00 to $7.50 and gave the stock a “sell” rating in a report on Thursday, July 30th. ValuEngine downgraded shares of Celestica from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Royal Bank of Canada raised their target price on shares of Celestica from $7.50 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Stifel Nicolaus lifted their price objective on shares of Celestica from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Finally, Zacks Investment Research upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Tuesday, August 4th.
Several large investors have recently bought and sold shares of CLS. US Bancorp DE boosted its stake in shares of Celestica by 169.1% in the 1st quarter. US Bancorp DE now owns 7,735 shares of the technology company’s stock valued at $27,000 after purchasing an additional 4,861 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Celestica by 1,072.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 11,486 shares of the technology company’s stock valued at $40,000 after purchasing an additional 10,506 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Celestica by 96.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,380 shares of the technology company’s stock valued at $43,000 after acquiring an additional 6,073 shares during the period. AJO LP acquired a new position in shares of Celestica during the 1st quarter valued at $58,000. Finally, Verus Capital Partners LLC lifted its position in shares of Celestica by 28.3% during the 1st quarter. Verus Capital Partners LLC now owns 19,816 shares of the technology company’s stock valued at $69,000 after acquiring an additional 4,365 shares during the period. 59.55% of the stock is currently owned by institutional investors.
NYSE CLS traded up $0.02 during trading hours on Wednesday, hitting $7.22. The company’s stock had a trading volume of 26,098 shares, compared to its average volume of 267,306. The stock has a fifty day moving average of $7.92 and a 200 day moving average of $6.25. Celestica has a twelve month low of $2.63 and a twelve month high of $9.29. The firm has a market capitalization of $917.58 million, a P/E ratio of -359.32, a PEG ratio of 0.36 and a beta of 2.15. The company has a quick ratio of 0.93, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.
Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.10. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.31 billion. Celestica had a negative net margin of 0.07% and a positive return on equity of 5.10%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. On average, analysts predict that Celestica will post 0.76 earnings per share for the current year.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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