Brokerages Set Celestica Inc. (NYSE:CLS) Target Price at $12.00
Celestica Inc. (NYSE:CLS) has received an average rating of “Hold” from the ten research firms that are presently covering the stock. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.00.
CLS has been the subject of a number of research reports. Zacks Investment Research downgraded Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Macquarie downgraded Celestica from an “outperform” rating to a “neutral” rating in a research note on Friday, July 29th. Canaccord Genuity restated a “buy” rating and issued a $12.00 price target on shares of Celestica in a research note on Thursday, August 11th. Finally, B. Riley restated a “neutral” rating and issued a $11.00 price target on shares of Celestica in a research note on Monday, July 25th.
Shares of Celestica (NYSE:CLS) opened at 10.72 on Wednesday. The stock’s 50 day moving average price is $10.66 and its 200-day moving average price is $10.50. Celestica has a 52-week low of $8.07 and a 52-week high of $13.36. The company has a market capitalization of $1.50 billion, a PE ratio of 18.45 and a beta of 1.18.
Celestica (NYSE:CLS) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The business earned $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Celestica had a return on equity of 10.26% and a net margin of 1.47%. During the same period last year, the company earned $0.25 earnings per share. On average, analysts expect that Celestica will post $1.17 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. acquired a new stake in Celestica during the second quarter worth about $135,000. 1832 Asset Management L.P. boosted its stake in Celestica by 33.9% in the first quarter. 1832 Asset Management L.P. now owns 6,961,368 shares of the company’s stock valued at $124,751,000 after buying an additional 1,761,838 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Celestica by 12.0% in the first quarter. Canada Pension Plan Investment Board now owns 432,800 shares of the company’s stock valued at $4,772,000 after buying an additional 46,400 shares during the last quarter. Aperio Group LLC boosted its stake in Celestica by 9.1% in the first quarter. Aperio Group LLC now owns 102,356 shares of the company’s stock valued at $1,124,000 after buying an additional 8,579 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Celestica during the first quarter valued at $416,000. 71.85% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Celestica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica Inc. and related companies with MarketBeat.com's FREE daily email newsletter.