Celestica (NYSE:CLS) Given Neutral Rating at CIBC

Celestica (NYSE:CLS - Get Free Report) TSE: CLS's stock had its "neutral" rating restated by equities research analysts at CIBC in a report released on Friday, MarketBeat Ratings reports. They presently have a $49.00 price objective on the technology company's stock, up from their prior price objective of $41.00. CIBC's price objective suggests a potential upside of 12.83% from the stock's current price.

Several other research analysts have also issued reports on CLS. Royal Bank of Canada increased their price target on shares of Celestica from $38.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday. StockNews.com cut Celestica from a "buy" rating to a "hold" rating in a research report on Wednesday, February 28th. BMO Capital Markets lifted their price objective on Celestica from $37.00 to $48.00 and gave the company an "outperform" rating in a report on Monday. Canaccord Genuity Group upped their target price 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 increased their price objective on shares of Celestica from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and an average price target of $41.50.

Celestica Stock Performance

CLS stock traded up $0.18 during trading on Friday, reaching $43.43. 3,269,450 shares of the stock were exchanged, compared to its average volume of 2,289,274. Celestica has a twelve month low of $10.50 and a twelve month high of $51.12. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.18 billion, a P/E ratio of 16.22 and a beta of 2.22. The stock has a 50 day simple moving average of $44.49 and a 200-day simple moving average of $34.25.

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 analysts' consensus estimates of $0.68 by $0.08. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.08 billion. Celestica had a return on equity of 18.21% and a net margin of 3.86%. As a group, sell-side analysts anticipate that Celestica will post 2.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Celestica in the third quarter valued at about $318,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Celestica in the 3rd quarter valued at approximately $1,191,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Celestica by 29.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,469 shares of the technology company's stock worth $626,000 after acquiring an additional 5,758 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Celestica by 205.8% during the 3rd quarter. Mackenzie Financial Corp now owns 1,152,790 shares of the technology company's stock worth $27,334,000 after acquiring an additional 775,761 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in Celestica by 29.5% during the third quarter. TD Asset Management Inc now owns 1,283,037 shares of the technology company's stock valued at $31,544,000 after purchasing an additional 292,381 shares during the period. Institutional investors and hedge funds 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.