Celestica (NYSE:CLS) Earns Outperform Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Celestica (NYSE:CLS - Free Report) TSE: CLS in a research note issued to investors on Thursday, Marketbeat Ratings reports. BMO Capital Markets currently has a $130.00 price objective on the technology company's stock, up from their previous price objective of $118.00.

Several other equities analysts have also issued reports on CLS. Argus cut their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus upped their target price on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Barclays reduced their target price on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $114.82.

Celestica Price Performance

Shares of Celestica stock traded up $0.38 during mid-day trading on Thursday, reaching $119.85. 1,883,206 shares of the stock were exchanged, compared to its average volume of 4,763,690. Celestica has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 32.05 and a beta of 1.65. The firm has a 50-day simple moving average of $91.04 and a 200 day simple moving average of $97.69. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

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

Institutional Trading of Celestica

A number of large investors have recently made changes to their positions in CLS. Intech Investment Management LLC bought a new position in Celestica during the first quarter worth about $3,554,000. Flaharty Asset Management LLC bought a new position in shares of Celestica during the 1st quarter valued at about $63,000. Anchor Investment Management LLC grew its position in shares of Celestica by 15.0% in the 1st quarter. Anchor Investment Management LLC now owns 1,150 shares of the technology company's stock valued at $91,000 after purchasing an additional 150 shares during the period. Woodline Partners LP acquired a new position in shares of Celestica in the 1st quarter valued at approximately $26,601,000. Finally, Rivermont Capital Management LP bought a new stake in Celestica during the 1st quarter worth approximately $204,000. Institutional investors own 67.38% of the company's stock.

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.