Investors Purchase High Volume of Celestica Call Options (NYSE:CLS)

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS was the recipient of unusually large options trading activity on Monday. Investors bought 8,582 call options on the company. This represents an increase of 155% compared to the typical volume of 3,364 call options.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research reports. BMO Capital Markets raised their price objective on shares of Celestica from $32.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Celestica from a "buy" rating to a "hold" rating in a report on Wednesday, February 28th. CIBC raised their price objective on shares of Celestica from $33.00 to $41.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. Canaccord Genuity Group raised their price objective on shares of Celestica from $32.50 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Finally, TD Securities lifted their price target on shares of Celestica from $33.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.88.

Institutional Investors Weigh In On Celestica

Several large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its position in Celestica by 50.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,094,994 shares of the technology company's stock worth $149,153,000 after purchasing an additional 2,054,918 shares during the last quarter. Vanguard Group Inc. increased its position in Celestica by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 4,266,526 shares of the technology company's stock worth $124,924,000 after purchasing an additional 562,157 shares during the last quarter. Point72 Asset Management L.P. increased its position in Celestica by 72.9% in the fourth quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company's stock worth $99,163,000 after purchasing an additional 1,428,071 shares during the last quarter. Morgan Stanley increased its position in Celestica by 10.1% in the fourth quarter. Morgan Stanley now owns 2,315,291 shares of the technology company's stock worth $26,093,000 after purchasing an additional 211,930 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in Celestica in the fourth quarter worth $67,832,000. Institutional investors own 67.38% of the company's stock.

Celestica Price Performance

Shares of Celestica stock traded up $0.05 on Monday, hitting $49.44. 1,590,520 shares of the company traded hands, compared to its average volume of 2,215,578. The stock has a market capitalization of $5.90 billion, a P/E ratio of 24.28 and a beta of 2.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.40. Celestica has a 52 week low of $10.50 and a 52 week high of $51.12. The business has a 50-day simple moving average of $42.21 and a 200 day simple moving average of $32.34.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.08 billion. Celestica had a net margin of 3.07% and a return on equity of 17.09%. Research analysts expect that Celestica will post 2.59 earnings per share for the current fiscal year.

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.