Shares of Celestica Inc. (NYSE:CLS – Get Free Report) TSE: CLS shot up 1.3% on Wednesday . The company traded as high as $56.83 and last traded at $56.55. 402,545 shares changed hands during trading, a decline of 82% from the average session volume of 2,277,605 shares. The stock had previously closed at $55.81.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on CLS shares. Fox Advisors started coverage on Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price objective for the company. Stifel Nicolaus lifted their price objective on Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. CIBC lifted their price objective on Celestica from $49.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, May 27th. BMO Capital Markets lifted their price objective on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, Royal Bank of Canada lifted their price objective on Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Sunday, April 28th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.22.
Celestica Stock Down 0.9 %
The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $51.25 and a 200-day simple moving average of $42.40. The stock has a market cap of $6.57 billion, a P/E ratio of 20.92 and a beta of 2.28.
Celestica (NYSE:CLS – Get Free Report) TSE: CLS last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Celestica had a return on equity of 18.25% and a net margin of 3.86%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, equities research analysts forecast that Celestica Inc. will post 2.87 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Celestica
Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Celestica by 2,494.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock worth $391,147,000 after buying an additional 8,368,293 shares in the last quarter. Vanguard Group Inc. grew its position in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after buying an additional 64,658 shares in the last quarter. Point72 Asset Management L.P. grew its position in Celestica by 72.9% during the fourth quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock worth $99,163,000 after buying an additional 1,428,071 shares in the last quarter. Acadian Asset Management LLC grew its position in Celestica by 0.3% during the first quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company’s stock worth $118,730,000 after buying an additional 7,335 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in Celestica by 4.6% during the first quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock worth $107,782,000 after buying an additional 105,943 shares in the last quarter. 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.