Stifel Nicolaus Increases Celestica (NYSE:CLS) Price Target to $100.00

Celestica (NYSE:CLS) (TSE:CLS) had its price target lifted by Stifel Nicolaus from $70.00 to $100.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also recently issued reports on CLS. UBS Group started coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Royal Bank of Canada lifted their price objective on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays started coverage on Celestica in a research report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective for the company. Finally, TD Securities lifted their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $74.18.

Celestica Stock Up 1.1 %

Shares of Celestica stock opened at $90.99 on Tuesday. The stock’s fifty day moving average is $75.75 and its 200-day moving average is $60.81. The firm has a market capitalization of $10.59 billion, a PE ratio of 28.89 and a beta of 2.27. 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 $26.62 and a 12-month high of $96.00.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. Celestica’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities analysts anticipate that Celestica will post 3.44 earnings per share for the current year.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently modified their holdings of CLS. Optimum Investment Advisors increased its position in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Truist Financial Corp increased its position in Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after acquiring an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after acquiring an additional 275 shares during the period. Pier Capital LLC increased its position in Celestica by 0.4% during the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after acquiring an additional 335 shares during the period. Finally, Creative Planning increased its position in Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after acquiring an additional 336 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.