Shares of Celestica Inc (NYSE:CLS) (TSE:CLS) have been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.50.
Several research analysts recently commented on CLS shares. Macquarie upgraded shares of Celestica from a “neutral” rating to an “outperform” rating in a research note on Wednesday, October 10th. TD Securities boosted their price objective on shares of Celestica from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Beacon Securities lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Celestica from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th.
A number of institutional investors have recently modified their holdings of CLS. Northern Trust Corp acquired a new position in Celestica during the 1st quarter valued at approximately $104,000. Koch Industries Inc. acquired a new position in Celestica during the 1st quarter valued at approximately $164,000. A.R.T. Advisors LLC increased its stake in Celestica by 66.5% during the 1st quarter. A.R.T. Advisors LLC now owns 103,900 shares of the technology company’s stock valued at $1,075,000 after purchasing an additional 41,500 shares in the last quarter. CIBC World Markets Inc. increased its stake in Celestica by 113.3% during the 1st quarter. CIBC World Markets Inc. now owns 103,710 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 55,099 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Celestica during the 1st quarter valued at approximately $138,000. Institutional investors and hedge funds own 65.41% of the company’s stock.
NYSE CLS opened at $10.97 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.16. The company has a market cap of $1.55 billion, a P/E ratio of 20.57 and a beta of 0.57. Celestica has a 52 week low of $9.79 and a 52 week high of $12.59.
Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.61 billion. Celestica had a return on equity of 5.83% and a net margin of 1.24%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. Research analysts forecast that Celestica will post 0.47 earnings per share for the current fiscal year.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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.
Read More: Why investors pay attention to retained earnings
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.