Celestica (NYSE:CLS) Trading Up 0.8%

Celestica Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 0.8% on Friday . The stock traded as high as $58.37 and last traded at $57.63. Approximately 288,576 shares were traded during trading, a decline of 87% from the average daily volume of 2,275,489 shares. The stock had previously closed at $57.20.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CLS shares. Royal Bank of Canada lifted their price objective on shares of Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a research note on Sunday, April 28th. Stifel Nicolaus increased their price objective on shares of Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a report on Monday, May 13th. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Fox Advisors began coverage on Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price target for the company. Finally, Canaccord Genuity Group upped their price objective on Celestica from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $47.22.

Celestica Trading Down 0.4 %

The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 21.50 and a beta of 2.28. The company has a fifty day simple moving average of $51.73 and a 200-day simple moving average of $42.59.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Celestica had a net margin of 3.86% and a return on equity of 18.25%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.10 billion. On average, research analysts forecast that Celestica Inc. will post 2.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. acquired a new stake in Celestica during the 4th quarter worth about $42,000. Byrne Asset Management LLC boosted its holdings in shares of Celestica by 78.6% during the first quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock worth $56,000 after purchasing an additional 550 shares during the period. UMB Bank n.a. purchased a new position in Celestica during the first quarter valued at approximately $64,000. Blue Trust Inc. increased its stake in Celestica by 128.6% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock valued at $72,000 after buying an additional 1,384 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Celestica in the 1st quarter worth approximately $110,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.