Celestica (NYSE:CLS) Given New $51.00 Price Target at Stifel Nicolaus

Celestica (NYSE:CLS - Free Report) TSE: CLS had its price objective boosted by Stifel Nicolaus from $48.00 to $51.00 in a research note released on Monday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the technology company's stock.

CLS has been the topic of several other reports. StockNews.com downgraded shares of Celestica from a buy rating to a hold rating in a research note on Wednesday, February 28th. Royal Bank of Canada raised their price objective on Celestica from $47.00 to $53.00 and gave the stock an outperform rating in a research report on Sunday, April 28th. BMO Capital Markets lifted their target price on Celestica from $37.00 to $48.00 and gave the company an outperform rating in a research note on Monday, April 22nd. TD Securities increased their price target on shares of Celestica from $33.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Finally, Canaccord Genuity Group boosted their price objective on shares of Celestica from $48.00 to $53.00 and gave the company a buy rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of Moderate Buy and a consensus price target of $42.63.

Celestica Trading Down 3.5 %

Shares of Celestica stock traded down $1.71 during trading on Monday, hitting $46.80. The stock had a trading volume of 1,432,397 shares, compared to its average volume of 2,264,431. Celestica has a 1 year low of $10.85 and a 1 year high of $51.12. The stock has a 50 day simple moving average of $45.60 and a 200 day simple moving average of $35.88. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $5.56 billion, a PE ratio of 17.59 and a beta of 2.25.

Institutional Trading of Celestica

Several large investors have recently made changes to their positions in CLS. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Celestica during the 3rd quarter worth about $1,422,000. AJOVista LLC acquired a new position in shares of Celestica during the fourth quarter worth approximately $123,000. Jetstream Capital LLC acquired a new position in shares of Celestica during the third quarter worth approximately $2,452,000. American Century Companies Inc. boosted its position in shares of Celestica by 82.4% in the third quarter. American Century Companies Inc. now owns 374,693 shares of the technology company's stock valued at $9,170,000 after acquiring an additional 169,277 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Celestica by 1.3% in the third quarter. Vanguard Group Inc. now owns 3,704,369 shares of the technology company's stock worth $90,831,000 after acquiring an additional 47,619 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

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.