Celestica Inc. (NYSE:CLS) Receives $71.45 Average PT from Analysts

Shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $71.45.

CLS has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their target price on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their target price on Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen lifted their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, TD Securities boosted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Celestica Stock Down 4.0 %

Shares of Celestica stock opened at $85.61 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica has a 12 month low of $25.83 and a 12 month high of $93.15. The business has a fifty day simple moving average of $64.95 and a 200 day simple moving average of $57.35. The stock has a market cap of $9.96 billion, a PE ratio of 27.64 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Research analysts predict that Celestica will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Optimum Investment Advisors boosted its position in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Celestica during the third quarter valued at approximately $30,000. UMB Bank n.a. acquired a new position in Celestica during the third quarter valued at approximately $34,000. Wolff Wiese Magana LLC raised its stake in Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after buying an additional 170 shares during the period. Finally, Private Trust Co. NA raised its stake in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

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.