Celestica Inc. (NYSE:CLS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $66.67.

Several equities research analysts have weighed in on the company. CIBC boosted their price objective on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their target price on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets upped their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their target price on Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group upped their target price on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Celestica Trading Up 1.3 %

Shares of NYSE CLS opened at $70.31 on Tuesday. The business’s 50 day moving average is $52.42 and its two-hundred day moving average is $52.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. Celestica has a 1-year low of $21.89 and a 1-year high of $70.72. The stock has a market capitalization of $8.35 billion, a P/E ratio of 26.24 and a beta of 2.28.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, research analysts expect that Celestica will post 3.22 EPS for the current year.

Institutional Trading of Celestica

Large investors have recently modified their holdings of the company. Optimum Investment Advisors boosted its holdings in shares of Celestica by 66.7% in 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 period. Financial Management Professionals Inc. purchased a new stake in Celestica during the third quarter worth $30,000. UMB Bank n.a. purchased a new stake in Celestica during the third quarter worth $34,000. Wolff Wiese Magana LLC lifted its holdings in Celestica by 32.1% during the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after buying an additional 170 shares during the period. Finally, Naples Money Management LLC lifted its holdings in Celestica by 90.0% during the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors 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.