Shares of Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS shot up 5.4% on Wednesday . The company traded as high as $127.45 and last traded at $128.06. 1,761,652 shares changed hands during trading, a decline of 46% from the average session volume of 3,269,415 shares. The stock had previously closed at $121.51.
Analyst Ratings Changes
A number of research firms recently weighed in on CLS. Argus decreased their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus boosted their target price on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday. Royal Bank of Canada reissued an "outperform" rating and set a $120.00 target price on shares of Celestica in a report on Monday, April 28th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $116.64.
Read Our Latest Stock Report on Celestica
Celestica Price Performance
The company has a 50 day moving average of $101.77 and a 200-day moving average of $101.09. The firm has a market capitalization of $14.47 billion, a P/E ratio of 33.47 and a beta of 1.74. 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 released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The firm 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%. The company's revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. On average, sell-side analysts predict that Celestica Inc. will post 4.35 EPS for the current year.
Institutional Trading of Celestica
A number of institutional investors have recently modified their holdings of CLS. FMR LLC raised its holdings in shares of Celestica by 91.2% during the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after buying an additional 5,574,342 shares in the last quarter. FIL Ltd raised its holdings in shares of Celestica by 5,976.1% during the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after buying an additional 3,406,723 shares in the last quarter. Norges Bank acquired a new position in shares of Celestica during the 4th quarter worth $139,008,000. Polar Capital Holdings Plc raised its holdings in shares of Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after buying an additional 1,401,877 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.
Celestica Company Profile
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Get Free Report)
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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