Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS's share price rose 5.4% on Wednesday . The stock traded as high as $127.45 and last traded at $128.06. Approximately 1,761,652 shares were traded during trading, a decline of 46% from the average daily volume of 3,269,415 shares. The stock had previously closed at $121.51.
Analyst Upgrades and Downgrades
CLS has been the subject of a number of recent analyst reports. Argus lowered their target price on shares of 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 reiterated an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Barclays restated an "overweight" rating and issued a $146.00 target price (up from $126.00) on shares of Celestica in a research report on Tuesday. Finally, CIBC lowered their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.64.
Check Out Our Latest Analysis on CLS
Celestica Stock Up 2.4%
The business has a fifty day moving average price of $99.43 and a two-hundred day moving average price of $100.39. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 34.96 and a beta of 1.74.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating 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 firm had revenue of $2.65 billion for 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 firm's revenue was up 19.9% on a year-over-year basis. On average, equities analysts predict that Celestica Inc. will post 4.35 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of Celestica during the 1st quarter worth about $26,000. ORG Partners LLC bought a new position in Celestica during the first quarter valued at approximately $29,000. Peregrine Capital Management LLC bought a new position in Celestica during the fourth quarter valued at approximately $30,000. Center for Financial Planning Inc. acquired a new stake in Celestica in the first quarter valued at approximately $30,000. Finally, Pinpoint Asset Management Ltd grew its position in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.
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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