Celestica Inc. (NYSE:CLS) Short Interest Update

Celestica Inc. (NYSE:CLS) (TSE:CLS) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 4,660,000 shares, an increase of 6.4% from the May 31st total of 4,380,000 shares. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is currently 2.0 days. Approximately 3.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently modified their holdings of CLS. Hsbc Holdings PLC bought a new stake in shares of Celestica during the third quarter worth approximately $724,000. Toronto Dominion Bank grew its holdings in Celestica by 18.2% during the third quarter. Toronto Dominion Bank now owns 89,489 shares of the technology company’s stock valued at $2,194,000 after purchasing an additional 13,770 shares during the period. Gotham Asset Management LLC acquired a new position in Celestica during the third quarter valued at approximately $332,000. Lazard Asset Management LLC grew its holdings in Celestica by 52.6% during the third quarter. Lazard Asset Management LLC now owns 12,668 shares of the technology company’s stock valued at $310,000 after purchasing an additional 4,365 shares during the period. Finally, Kingdon Capital Management L.L.C. acquired a new position in Celestica during the third quarter valued at approximately $4,904,000. 67.38% of the stock is owned by institutional investors.

Celestica Trading Down 0.1 %

CLS opened at $58.60 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.78. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 21.87 and a beta of 2.31. The firm has a 50 day simple moving average of $52.95 and a 200 day simple moving average of $43.52. Celestica has a fifty-two week low of $14.37 and a fifty-two week high of $61.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.10 billion. Celestica had a net margin of 3.86% and a return on equity of 18.25%. On average, sell-side analysts anticipate that Celestica will post 2.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CLS shares. Royal Bank of Canada lifted their price target on shares of Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a report on Sunday, April 28th. CIBC lifted their price target on shares of Celestica from $49.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, May 27th. BMO Capital Markets lifted their price target on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Fox Advisors started coverage on shares of Celestica in a report on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on shares of Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.22.

About Celestica

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.