Celestica Inc. (NYSE:CLS) Given Average Rating of "Buy" by Brokerages

Shares of Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS have been assigned a consensus rating of "Buy" from the eleven research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $116.64.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Barclays reissued an "overweight" rating and set a $146.00 price objective (up from $126.00) on shares of Celestica in a report on Tuesday. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. Argus cut their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, CIBC reduced their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th.

Celestica Trading Up 5.0%

Celestica stock traded up $6.12 during trading hours on Wednesday, hitting $127.63. The company had a trading volume of 5,461,665 shares, compared to its average volume of 3,282,094. The firm has a market cap of $14.75 billion, a P/E ratio of 34.12 and a beta of 1.74. The company has a 50-day moving average price of $98.20 and a two-hundred day moving average price of $100.20. Celestica has a 1 year low of $40.25 and a 1 year high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.83 EPS. Celestica's quarterly revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts anticipate that Celestica will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently modified their holdings of CLS. FMR LLC increased its position in shares of Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after buying an additional 5,574,342 shares in the last quarter. FIL Ltd lifted its holdings in Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after purchasing an additional 3,406,723 shares in the last quarter. Norges Bank purchased a new stake in shares of Celestica during the fourth quarter worth $139,008,000. Polar Capital Holdings Plc grew its holdings in shares of Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Celestica by 64.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after buying an additional 1,401,877 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

About Celestica

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.