Shares of Celestica Inc (NYSE:CLS) (TSE:CLS) have received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.36.
A number of equities analysts have commented on CLS shares. Stifel Nicolaus reduced their target price on shares of Celestica from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, January 25th. Zacks Investment Research downgraded shares of Celestica from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 1st. Royal Bank of Canada reissued a “hold” rating and issued a $11.00 price target on shares of Celestica in a research note on Thursday, January 25th. TheStreet downgraded shares of Celestica from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Finally, TD Securities reduced their price target on shares of Celestica from $13.50 to $11.50 and set a “hold” rating on the stock in a research note on Friday, October 27th.
Shares of Celestica (NYSE:CLS) traded up $0.22 during mid-day trading on Friday, reaching $10.68. 539,480 shares of the company’s stock were exchanged, compared to its average volume of 1,133,886. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. Celestica has a one year low of $9.79 and a one year high of $14.74. The stock has a market capitalization of $1,317.16, a P/E ratio of 14.30 and a beta of 0.71.
Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Celestica had a return on equity of 8.84% and a net margin of 1.72%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. analysts anticipate that Celestica will post 0.78 earnings per share for the current fiscal year.
Celestica announced that its board has initiated a share repurchase plan on Thursday, October 26th that authorizes the company to repurchase 1,000% of outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in CLS. Bank of New York Mellon Corp raised its stake in shares of Celestica by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 103,151 shares of the technology company’s stock valued at $1,401,000 after acquiring an additional 1,680 shares during the period. Vanguard Group Inc. grew its holdings in shares of Celestica by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,479,906 shares of the technology company’s stock valued at $33,677,000 after purchasing an additional 131,428 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Celestica by 5.2% in the second quarter. Parametric Portfolio Associates LLC now owns 32,204 shares of the technology company’s stock valued at $437,000 after purchasing an additional 1,582 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Celestica by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 595,293 shares of the technology company’s stock valued at $8,084,000 after purchasing an additional 5,276 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Celestica by 126.9% in the second quarter. Gotham Asset Management LLC now owns 29,999 shares of the technology company’s stock valued at $407,000 after purchasing an additional 16,776 shares in the last quarter. 66.80% of the stock is currently owned by institutional investors and hedge funds.
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Celestica Company Profile
Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including 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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