Celestica (NYSE:CLS) (TSE:CLS) had its price objective upped by analysts at BMO Capital Markets from $7.00 to $8.50 in a research report issued on Thursday, The Fly reports. The firm currently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 2.78% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the company. TD Securities boosted their target price on Celestica from $6.50 to $8.00 and gave the company a “hold” rating in a research note on Thursday. TheStreet lowered Celestica from a “c-” rating to a “d” rating in a research note on Wednesday, April 29th. Royal Bank of Canada boosted their target price on Celestica from $7.50 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday. Stifel Nicolaus boosted their price target on Celestica from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday. Finally, Citigroup boosted their price target on Celestica from $5.00 to $7.50 and gave the company a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.35.
NYSE CLS opened at $8.27 on Thursday. Celestica has a 1-year low of $2.63 and a 1-year high of $9.29. The company has a current ratio of 1.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $6.81 and a 200-day moving average of $6.36. The firm has a market cap of $1.07 billion, a PE ratio of -413.29, a price-to-earnings-growth ratio of 1.01 and a beta of 2.17.
Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, July 29th. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. Celestica had a positive return on equity of 5.10% and a negative net margin of 0.07%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.12 EPS. Celestica’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Celestica will post 0.61 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of CLS. US Bancorp DE grew its holdings in shares of Celestica by 169.1% during the 1st quarter. US Bancorp DE now owns 7,735 shares of the technology company’s stock worth $27,000 after acquiring an additional 4,861 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Celestica by 1,072.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 11,486 shares of the technology company’s stock worth $40,000 after acquiring an additional 10,506 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Celestica by 96.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,380 shares of the technology company’s stock worth $43,000 after acquiring an additional 6,073 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Celestica during the 1st quarter worth approximately $45,000. Finally, AJO LP purchased a new position in shares of Celestica during the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 62.59% of the company’s stock.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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