Celestica Inc. (NYSE:CLS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) have received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $77.82.

A number of equities analysts have recently weighed in on the company. UBS Group began coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. BMO Capital Markets upped their price objective on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays assumed coverage on shares of Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective for the company. Royal Bank of Canada upped their target price on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Institutional Investors Weigh In On Celestica

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optimum Investment Advisors boosted its stake in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in Celestica during the third quarter worth $30,000. UMB Bank n.a. purchased a new position in Celestica in the third quarter worth $34,000. Private Trust Co. NA boosted its position in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Celestica in the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 0.0 %

CLS opened at $97.53 on Wednesday. The company has a fifty day moving average price of $81.04 and a two-hundred day moving average price of $62.84. Celestica has a 1-year low of $26.62 and a 1-year high of $100.51. The company has a market cap of $11.35 billion, a P/E ratio of 30.96 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS 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 return on equity of 21.58% and a net margin of 4.08%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. Analysts predict that Celestica will post 3.44 EPS for the current fiscal 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.