Celestica (NYSE:CLS) Stock Price Up 4.2% - Time to Buy?

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's share price was up 4.2% during mid-day trading on Tuesday . The stock traded as high as $131.36 and last traded at $133.69. Approximately 196,756 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 3,292,196 shares. The stock had previously closed at $128.24.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CLS shares. Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. CIBC decreased their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. lifted 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. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $116.64.

Celestica Price Performance

The firm's 50-day moving average is $107.37 and its 200-day moving average is $102.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85. The company has a market capitalization of $15.55 billion, a P/E ratio of 37.26 and a beta of 1.74.

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 (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The company had revenue of $2.65 billion during 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 firm's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. Analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Institutional Trading of Celestica

Several large investors have recently added to or reduced their stakes in CLS. Rothschild Investment LLC bought a new stake in Celestica during the first quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in Celestica during the first quarter valued at approximately $29,000. Peregrine Capital Management LLC purchased a new position in Celestica during the fourth quarter valued at approximately $30,000. Center for Financial Planning Inc. purchased a new position in Celestica during the first quarter valued at approximately $30,000. Finally, Pinpoint Asset Management Ltd lifted its holdings in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

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.