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

Shares of Celestica Inc. (NYSE:CLSGet Rating) (TSE:CLS) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.14.

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Celestica from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Wednesday, October 26th. StockNews.com assumed coverage on shares of Celestica in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Canaccord Genuity Group boosted their price target on shares of Celestica from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, October 26th. TD Securities boosted their price target on shares of Celestica from $11.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, October 26th. Finally, Citigroup boosted their price target on shares of Celestica from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 26th.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently modified their holdings of the company. Toronto Dominion Bank lifted its position in shares of Celestica by 2.7% during the 3rd quarter. Toronto Dominion Bank now owns 43,096 shares of the technology company’s stock worth $362,000 after purchasing an additional 1,148 shares during the last quarter. US Bancorp DE lifted its position in shares of Celestica by 12.4% during the 3rd quarter. US Bancorp DE now owns 11,743 shares of the technology company’s stock worth $99,000 after purchasing an additional 1,299 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Celestica by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 797,114 shares of the technology company’s stock worth $9,494,000 after purchasing an additional 2,410 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Celestica by 16.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,709 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,495 shares during the last quarter. Finally, Ronald Blue Trust Inc. lifted its position in Celestica by 143.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 4,499 shares of the technology company’s stock valued at $38,000 after acquiring an additional 2,648 shares during the last quarter. 56.26% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Up 0.2 %

CLS stock opened at $13.20 on Wednesday. The firm has a market cap of $1.62 billion, a PE ratio of 12.11 and a beta of 2.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.61 and a current ratio of 1.43. The firm’s 50 day moving average price is $11.48 and its 200-day moving average price is $10.59. Celestica has a one year low of $8.21 and a one year high of $13.40.

Celestica (NYSE:CLSGet Rating) (TSE:CLS) last posted its earnings results on Monday, October 24th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. Celestica had a net margin of 2.01% and a return on equity of 14.59%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.72 billion. On average, equities research analysts anticipate that Celestica will post 1.63 EPS for the current year.

Celestica Company Profile

(Get Rating)

Celestica Inc provides hardware platform and 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, engineering, supply chain management, new product introduction, 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.

See Also

Analyst Recommendations for Celestica (NYSE:CLS)

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.