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

Shares of Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS have been given an average rating of "Buy" by the twelve analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $116.64.

A number of research firms recently commented on CLS. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Argus decreased their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. CIBC cut their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Finally, Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently modified their holdings of CLS. Rothschild Investment LLC acquired a new position in Celestica during the first quarter worth approximately $26,000. ORG Partners LLC acquired a new position in Celestica during the first quarter worth approximately $29,000. Center for Financial Planning Inc. acquired a new position in Celestica during the first quarter worth approximately $30,000. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after purchasing an additional 182 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in Celestica during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Up 3.7%

Shares of NYSE:CLS opened at $160.56 on Friday. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 44.23 and a beta of 1.81. The firm's 50-day simple moving average is $120.75 and its 200-day simple moving average is $106.75. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. Celestica has a fifty-two week low of $40.25 and a fifty-two week high of $160.63.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The business'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 earnings per share. As a group, equities research analysts predict that Celestica will post 4.35 earnings per share for the current 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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