Shares of Celestica Inc (NYSE:CLS) (TSE:CLS) reached a new 52-week low on Friday . The company traded as low as $9.09 and last traded at $9.10, with a volume of 327246 shares traded. The stock had previously closed at $9.35.
CLS has been the subject of a number of recent analyst reports. Beacon Securities raised Celestica from a “hold” rating to a “buy” rating in a research report on Wednesday, October 10th. TheStreet cut Celestica from a “b-” rating to a “c+” rating in a research report on Thursday, October 25th. BMO Capital Markets set a $12.00 price objective on Celestica and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Macquarie raised Celestica from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 10th. Finally, Zacks Investment Research cut Celestica from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.40.
The company has a market capitalization of $1.25 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 5.78 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.79 and a quick ratio of 1.10.
A number of hedge funds have recently modified their holdings of CLS. Goodman Financial Corp raised its stake in Celestica by 2.6% in the 2nd quarter. Goodman Financial Corp now owns 300,500 shares of the technology company’s stock worth $3,567,000 after acquiring an additional 7,505 shares during the last quarter. Cumberland Partners Ltd purchased a new position in Celestica in the 2nd quarter worth $5,176,000. CIBC Asset Management Inc raised its stake in Celestica by 2,736.7% in the 2nd quarter. CIBC Asset Management Inc now owns 1,481,221 shares of the technology company’s stock worth $17,614,000 after acquiring an additional 1,429,004 shares during the last quarter. Janus Henderson Group PLC raised its stake in Celestica by 27.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,051,770 shares of the technology company’s stock worth $48,095,000 after acquiring an additional 884,595 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Celestica by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 614,014 shares of the technology company’s stock worth $7,288,000 after acquiring an additional 12,027 shares during the last quarter. Institutional investors own 68.16% of the company’s stock.
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Celestica Company Profile (NYSE:CLS)
Celestica, Inc engages in the provision of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. The company offers design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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