Celestica (NYSE:CLS) Raised to "Strong-Buy" at BNP Paribas

BNP Paribas upgraded shares of Celestica (NYSE:CLS - Free Report) TSE: CLS to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

A number of other research analysts also recently weighed in on CLS. BMO Capital Markets restated an "outperform" rating and issued a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Stifel Nicolaus raised their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. CIBC decreased their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their price target on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $116.64.

Celestica Stock Up 2.3%

Shares of NYSE:CLS traded up $2.85 during mid-day trading on Wednesday, reaching $128.18. 3,079,820 shares of the stock were exchanged, compared to its average volume of 3,303,268. 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 company has a market cap of $14.82 billion, a P/E ratio of 34.27 and a beta of 1.74. Celestica has a one year low of $40.25 and a one year high of $144.27. The stock's 50 day simple moving average is $102.96 and its 200-day simple moving average is $101.52.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLS. Rothschild Investment LLC bought a new position in shares of Celestica during the 1st quarter worth approximately $26,000. ORG Partners LLC acquired a new stake in Celestica during the 1st quarter worth approximately $29,000. Peregrine Capital Management LLC acquired a new stake in Celestica during the 4th quarter worth approximately $30,000. Center for Financial Planning Inc. acquired a new stake in Celestica during the 1st quarter worth approximately $30,000. Finally, Pinpoint Asset Management Ltd lifted its holdings in Celestica by 109.6% during the 4th 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. 67.38% of the stock is currently owned by institutional investors.

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.