Celestica (NYSE:CLS) Trading Up 1.3%

Celestica Inc. (NYSE:CLS) (TSE:CLS) shares were up 1.3% during mid-day trading on Wednesday . The company traded as high as $56.83 and last traded at $56.55. Approximately 402,545 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 2,277,605 shares. The stock had previously closed at $55.81.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets upped their price target on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Stifel Nicolaus upped their target price on Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Canaccord Genuity Group increased their price target on Celestica from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada increased their price target on Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a report on Sunday, April 28th. Finally, Fox Advisors began coverage on Celestica in a research note on Wednesday, May 15th. They issued an “overweight” rating and a $60.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average price target of $47.22.

Celestica Stock Up 0.3 %

The stock has a fifty day moving average price of $51.25 and a 200 day moving average price of $42.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.78. The stock has a market capitalization of $6.65 billion, a P/E ratio of 20.92 and a beta of 2.28.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Celestica by 2,494.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock worth $391,147,000 after purchasing an additional 8,368,293 shares in the last quarter. Vanguard Group Inc. raised its stake in Celestica by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock valued at $194,643,000 after buying an additional 64,658 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Celestica by 72.9% during the 4th quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock valued at $99,163,000 after buying an additional 1,428,071 shares during the last quarter. Acadian Asset Management LLC raised its stake in Celestica by 0.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company’s stock valued at $118,730,000 after buying an additional 7,335 shares during the last quarter. Finally, WCM Investment Management LLC raised its stake in Celestica by 4.6% during the 1st quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock valued at $107,782,000 after buying an additional 105,943 shares during the last quarter. 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.