Celestica (NYSE:CLS) Given a $305.00 Price Target by TD Securities Analysts

Celestica (NYSE:CLS) (TSE:CLS) has been assigned a $305.00 price target by equities researchers at TD Securities in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the technology company’s stock. TD Securities’ price objective indicates a potential downside of 3.19% from the company’s previous close.

CLS has been the topic of a number of other research reports. The Goldman Sachs Group raised their price objective on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. TD Cowen reaffirmed a “hold” rating and issued a $238.00 price target on shares of Celestica in a report on Friday, October 3rd. BNP Paribas reiterated an “outperform” rating and set a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. Finally, UBS Group upped their target price on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.75.

Celestica Trading Up 1.4%

Shares of NYSE:CLS traded up $4.31 on Wednesday, hitting $315.07. 1,840,777 shares of the company’s stock were exchanged, compared to its average volume of 2,234,449. Celestica has a 12 month low of $58.05 and a 12 month high of $363.40. The stock has a market capitalization of $36.24 billion, a price-to-earnings ratio of 51.15 and a beta of 1.87. The business’s 50 day simple moving average is $310.10 and its two-hundred day simple moving average is $259.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. Celestica’s quarterly revenue was up 27.8% on a year-over-year basis. Analysts anticipate that Celestica will post 4.35 EPS for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director owned 6,000 shares in the company, valued at approximately $2,050,020. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Celestica by 42.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after buying an additional 37 shares during the period. First Horizon Corp purchased a new position in Celestica during the third quarter valued at approximately $31,000. Golden State Wealth Management LLC raised its position in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after acquiring an additional 83 shares in the last quarter. Avion Wealth purchased a new stake in Celestica in the 3rd quarter worth approximately $40,000. Finally, Fifth Third Bancorp grew its stake in shares of Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.