Celestica (NYSE:CLS) Now Covered by Analysts at UBS Group

UBS Group began coverage on shares of Celestica (NYSE:CLS) (TSE:CLS) in a research report report published on Friday morning, Marketbeat reports. The brokerage issued a neutral rating and a $95.00 price objective on the technology company’s stock.

Several other analysts also recently commented on the company. CIBC increased their target price on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Barclays assumed coverage on Celestica in a research report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. BMO Capital Markets boosted their target price on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.45.

Celestica Price Performance

Shares of NYSE:CLS opened at $89.14 on Friday. The company has a market capitalization of $10.37 billion, a PE ratio of 28.30 and a beta of 2.24. The business has a fifty day moving average price of $64.09 and a 200-day moving average price of $56.94. Celestica has a 1-year low of $25.83 and a 1-year high of $93.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data 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. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. As a group, equities analysts expect that Celestica will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Optimum Investment Advisors grew its holdings in Celestica by 66.7% during 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 position in shares of Celestica during the 3rd quarter valued at about $30,000. UMB Bank n.a. bought a new position in shares of Celestica during the 3rd quarter valued at approximately $34,000. Wolff Wiese Magana LLC increased its holdings in Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after acquiring an additional 170 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after acquiring an additional 720 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.