Celestica Inc. (CLS) Stock Price Up 1.8%
Celestica Inc. (NYSE:CLS) shares rose 1.8% on Monday . The company traded as high as $11.46 and last traded at $11.28, with a volume of 284,149 shares changing hands. The stock had previously closed at $11.08.
CLS has been the topic of a number of research reports. Scotiabank lowered shares of Celestica from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 15th. B. Riley reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Celestica in a research note on Friday, April 22nd. TheStreet raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $14.00 price target on shares of Celestica in a research note on Saturday, April 23rd. Finally, TD Securities reaffirmed a “hold” rating and issued a $10.50 price target (up previously from $10.00) on shares of Celestica in a research note on Tuesday, April 26th. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $12.71.
The firm has a market cap of $1.55 billion and a price-to-earnings ratio of 19.07. The company has a 50 day moving average price of $10.05 and a 200 day moving average price of $10.24.
Celestica (NYSE:CLS) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $0.25 earnings per share. On average, equities research analysts forecast that Celestica Inc. will post $1.17 EPS for the current year.
A number of institutional investors recently modified their holdings of the stock. Matarin Capital Management LLC bought a new position in shares of Celestica during the fourth quarter valued at $3,477,000. Wells Fargo & Company MN boosted 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 valued at $11,858,000 after buying an additional 222,154 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $3,213,000 after buying an additional 26,334 shares during the period. Finally, I.G. Investment Management LTD. boosted its position in shares of Celestica by 12.3% in the fourth quarter. I.G. Investment Management LTD. now owns 183,700 shares of the company’s stock valued at $2,032,000 after buying an additional 20,100 shares during the period.
Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. 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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