2,220 Shares in Celestica Inc. (NYSE:CLS) Bought by Maven Securities LTD

Maven Securities LTD bought a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,220 shares of the technology company's stock, valued at approximately $205,000.

A number of other large investors also recently modified their holdings of CLS. Cornerstone Wealth Management LLC purchased a new stake in Celestica in the 4th quarter valued at $385,000. Raymond James Financial Inc. purchased a new stake in Celestica in the 4th quarter valued at $47,685,000. Schechter Investment Advisors LLC purchased a new stake in Celestica in the 4th quarter valued at $294,000. American Century Companies Inc. raised its position in Celestica by 16.4% in the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after buying an additional 30,851 shares during the last quarter. Finally, Fruth Investment Management purchased a new stake in Celestica in the 4th quarter valued at $286,000. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLS. TD Securities raised their target price on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. Stifel Nicolaus raised their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Argus decreased their target price on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.42.

Celestica Stock Up 2.7%

CLS stock opened at $112.85 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $13.05 billion, a PE ratio of 30.17 and a beta of 1.65. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The stock has a 50-day simple moving average of $86.78 and a two-hundred day simple moving average of $95.16.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, equities analysts predict that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, 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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