Celestica (NYSE:CLS) Trading 0.8% Higher

Celestica Inc. (NYSE:CLS) (TSE:CLS) shares shot up 0.8% on Friday . The stock traded as high as $58.37 and last traded at $57.63. 288,576 shares traded hands during trading, a decline of 87% from the average session volume of 2,275,489 shares. The stock had previously closed at $57.20.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a report on Monday, May 13th. StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, May 24th. 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 on the stock. Royal Bank of Canada upped their price objective on shares of Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Sunday, April 28th. Finally, CIBC raised their target price on shares of Celestica from $49.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, May 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.22.

Celestica Price Performance

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 stock has a market cap of $6.77 billion, a P/E ratio of 21.50 and a beta of 2.28. The company’s 50 day moving average price is $51.73 and its 200-day moving average price is $42.59.

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

Institutional Trading of Celestica

Several institutional investors have recently added to or reduced their stakes in CLS. Trexquant Investment LP increased its holdings in Celestica by 0.6% in the third quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock worth $2,170,000 after purchasing an additional 502 shares in the last quarter. Byrne Asset Management LLC increased its stake in shares of Celestica by 78.6% in the 1st quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock valued at $56,000 after acquiring an additional 550 shares in the last quarter. Guardian Capital Advisors LP increased its stake in shares of Celestica by 8.5% in the 4th quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock valued at $256,000 after acquiring an additional 685 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Celestica by 128.6% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock valued at $72,000 after acquiring an additional 1,384 shares during the period. Finally, UMB Bank n.a. bought a new position in Celestica during the first quarter worth $64,000. 67.38% of the stock is currently owned by institutional investors.

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.