Celestica Inc (NYSE:CLS) (TSE:CLS) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.46.
CLS has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price objective on Celestica from $9.00 to $7.50 and set a “sector perform” rating for the company in a research note on Thursday, July 25th. TD Securities lowered their price objective on Celestica from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Finally, Zacks Investment Research upgraded Celestica from a “hold” rating to a “strong-buy” rating and set a $8.25 price objective for the company in a research note on Thursday, August 1st.
Several hedge funds have recently bought and sold shares of the company. Atria Investments LLC raised its stake in shares of Celestica by 24.3% in the second quarter. Atria Investments LLC now owns 25,927 shares of the technology company’s stock worth $169,000 after purchasing an additional 5,075 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Celestica by 0.8% in the second quarter. Mackenzie Financial Corp now owns 2,587,565 shares of the technology company’s stock worth $17,673,000 after purchasing an additional 19,951 shares during the last quarter. Prudential PLC purchased a new position in shares of Celestica in the second quarter worth $3,735,000. Mutual Advisors LLC purchased a new position in shares of Celestica in the second quarter worth $266,000. Finally, OneAscent Financial Services LLC purchased a new position in shares of Celestica in the second quarter worth $191,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.
NYSE:CLS traded up $0.01 during trading hours on Friday, reaching $7.37. 252,216 shares of the company traded hands, compared to its average volume of 240,587. The business’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $7.38. The stock has a market capitalization of $946.47 million, a P/E ratio of 10.53, a P/E/G ratio of 16.48 and a beta of 0.80. Celestica has a 1 year low of $6.08 and a 1 year high of $12.09. The company has a current ratio of 1.83, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.
Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.17). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Celestica had a net margin of 2.42% and a return on equity of 11.36%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. As a group, equities analysts anticipate that Celestica will post 0.21 EPS for the current year.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. 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, asset management, product licensing, and after-market repair and return services.
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