Celestica Inc. (NYSE:CLS)’s share price dropped 0.2% on Monday . The stock traded as low as $9.16 and last traded at $9.27, with a volume of 127,154 shares trading hands. The stock had previously closed at $9.29.

CLS has been the topic of several recent research reports. TheStreet raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Thursday, April 21st. Scotiabank downgraded Celestica from an “outperform” rating to a “sector perform” rating in a report on Friday, April 15th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $14.00 price target on shares of Celestica in a report on Saturday, April 23rd. TD Securities reiterated a “hold” rating and set a $10.50 price target (up previously from $10.00) on shares of Celestica in a report on Tuesday, April 26th. Finally, Macquarie assumed coverage on Celestica in a report on Wednesday, May 18th. They set an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Celestica has a consensus rating of “Hold” and an average target price of $12.46.

The stock has a 50 day moving average of $10.12 and a 200 day moving average of $10.25. The company has a market cap of $1.33 billion and a price-to-earnings ratio of 19.10.

Celestica (NYSE:CLS) last released its earnings results on Thursday, April 21st. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The firm earned $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. Analysts expect that Celestica Inc. will post $1.15 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. boosted its stake in Celestica by 66.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,835,879 shares of the company’s stock valued at $53,340,000 after buying an additional 1,928,798 shares during the last quarter. Matarin Capital Management LLC purchased a new stake in Celestica during the fourth quarter valued at approximately $3,477,000. Wells Fargo & Company MN boosted its stake in Celestica by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,075,107 shares of the company’s stock valued at $11,858,000 after buying an additional 222,154 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Celestica by 27.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 768,635 shares of the company’s stock valued at $11,760,000 after buying an additional 167,900 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in Celestica by 35.8% in the fourth quarter. Seizert Capital Partners LLC now owns 201,426 shares of the company’s stock valued at $2,222,000 after buying an additional 53,089 shares during the last quarter.

Celestica Inc (Celestica) is a provider of supply chain solutions globally to original equipment manufacturers (OEMs) and service providers in the communications, consumer, diversified, servers and storage end markets. 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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