Celestica Inc. (CLS) Trading Up 1%
Celestica Inc. (NYSE:CLS) shares were up 1% during trading on Tuesday . The stock traded as high as $9.96 and last traded at $9.92, with a volume of 324,561 shares traded. The stock had previously closed at $9.82.
Several research analysts have commented on CLS shares. Zacks Investment Research raised Celestica from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Scotiabank lowered Celestica from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 15th. B. Riley reaffirmed a “neutral” rating and set a $11.00 price target on shares of Celestica in a research report on Friday, April 22nd. TheStreet raised Celestica from a “hold” rating to a “buy” rating in a research report on Thursday, April 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $14.00 price target on shares of Celestica in a research report on Saturday, April 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.46.
The firm’s 50 day moving average price is $10.00 and its 200-day moving average price is $10.20. The firm has a market cap of $1.42 billion and a PE ratio of 20.37.
Celestica (NYSE:CLS) last issued its quarterly earnings results on Thursday, April 21st. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business earned $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. Analysts anticipate that Celestica Inc. will post $1.15 EPS for the current year.
A number of hedge funds and institutional investors have modified their holdings of CLS. Donald Smith & CO. Inc. increased its position in shares of Celestica by 66.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,835,879 shares of the company’s stock worth $53,340,000 after buying an additional 1,928,798 shares in the last quarter. Matarin Capital Management LLC acquired a new position in shares of Celestica during the fourth quarter worth approximately $3,477,000. Wells Fargo & Company MN increased its position in shares of Celestica by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,075,107 shares of the company’s stock worth $11,858,000 after buying an additional 222,154 shares in the last quarter. Seizert Capital Partners LLC increased its position in shares of Celestica by 35.8% in the fourth quarter. Seizert Capital Partners LLC now owns 201,426 shares of the company’s stock worth $2,222,000 after buying an additional 53,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Celestica by 9.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,338 shares of the company’s stock worth $3,213,000 after buying an additional 26,334 shares in 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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