Celestica Inc. (NYSE:CLS) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC grew its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 9.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,700 shares of the technology company’s stock after acquiring an additional 500 shares during the period. Avestar Capital LLC’s holdings in Celestica were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLS. Optimum Investment Advisors grew its stake in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Celestica during the 3rd quarter worth about $30,000. UMB Bank n.a. purchased a new stake in Celestica during the 3rd quarter worth about $34,000. Wolff Wiese Magana LLC lifted its holdings in Celestica by 32.1% during the 2nd 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 last quarter. Finally, Private Trust Co. NA lifted its holdings in Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after buying an additional 720 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CLS. TD Securities lifted their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their price target on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets boosted their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Barclays started coverage on Celestica in a report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.45.

Celestica Stock Performance

NYSE CLS opened at $83.18 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $66.53 and its two-hundred day moving average is $57.88. Celestica Inc. has a 12-month low of $25.83 and a 12-month high of $93.15. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 26.41 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Research analysts expect that Celestica Inc. will post 3.44 EPS for the current year.

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.