Celestica Inc. (NYSE:CLS) Receives Average Recommendation of “Moderate Buy” from Analysts

Celestica Inc. (NYSE:CLS) (TSE:CLS) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $81.45.

Several brokerages have weighed in on CLS. TD Securities boosted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Canaccord Genuity Group increased their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Barclays began coverage on shares of Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 target price for the company. TD Cowen increased their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Celestica

Large investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors raised its holdings in shares of Celestica by 66.7% in 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 last quarter. Financial Management Professionals Inc. bought a new stake in Celestica during the 3rd quarter worth about $30,000. UMB Bank n.a. acquired a new position in shares of Celestica during the 3rd quarter worth about $34,000. Private Trust Co. NA grew its holdings in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after acquiring an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Celestica in the third quarter valued at about $51,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 2.2 %

CLS opened at $113.20 on Friday. Celestica has a 1-year low of $27.88 and a 1-year high of $115.52. The stock has a market capitalization of $13.17 billion, a PE ratio of 35.94 and a beta of 2.25. 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 firm has a 50-day moving average price of $93.15 and a two-hundred day moving average price of $68.61.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data 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 firm had revenue of $2.50 billion for 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 business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. As a group, equities analysts anticipate that Celestica will post 3.44 earnings per share for the current fiscal year.

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.