Shares of Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS reached a new 52-week high during trading on Wednesday . The stock traded as high as $149.40 and last traded at $147.82, with a volume of 770723 shares traded. The stock had previously closed at $143.84.
Analyst Ratings Changes
CLS has been the topic of several research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Argus lowered their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $116.64.
Get Our Latest Stock Report on CLS
Celestica Price Performance
The stock has a 50 day moving average of $109.71 and a two-hundred day moving average of $103.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.43. The firm has a market capitalization of $17.16 billion, a P/E ratio of 41.10 and a beta of 1.74.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. Sell-side analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Celestica
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Truist Financial Corp increased its position in Celestica by 12.8% in the 4th quarter. Truist Financial Corp now owns 12,579 shares of the technology company's stock worth $1,161,000 after buying an additional 1,424 shares during the period. Atria Wealth Solutions Inc. bought a new position in Celestica during the fourth quarter worth $215,000. Global Retirement Partners LLC lifted its stake in shares of Celestica by 77.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,654 shares of the technology company's stock valued at $153,000 after buying an additional 721 shares during the period. Private Advisor Group LLC grew its position in Celestica by 20.6% during the fourth quarter. Private Advisor Group LLC now owns 22,039 shares of the technology company's stock worth $2,034,000 after buying an additional 3,763 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in Celestica by 58.9% during the fourth quarter. Sigma Planning Corp now owns 13,062 shares of the technology company's stock valued at $1,206,000 after acquiring an additional 4,844 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.
About Celestica
(
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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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