Celestica Inc. (CLS) Shares Up 1.8%
Celestica Inc. (NYSE:CLS) shot up 1.8% during mid-day trading on Monday . The stock traded as high as $11.46 and last traded at $11.28, with a volume of 284,149 shares traded. The stock had previously closed at $11.08.
Several brokerages have issued reports on CLS. Macquarie downgraded Celestica from an “outperform” rating to a “neutral” rating in a report on Friday. Zacks Investment Research upgraded Celestica from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a report on Wednesday, July 27th. B. Riley restated a “neutral” rating and issued a $11.00 price target on shares of Celestica in a report on Monday, July 25th. Canaccord Genuity upgraded Celestica from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, July 22nd. Finally, TD Securities restated a “hold” rating and issued a $10.50 price target (up from $10.00) on shares of Celestica in a report on Tuesday, April 26th. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.71.
The company’s 50-day moving average is $10.01 and its 200 day moving average is $10.22. The company has a market capitalization of $1.58 billion and a PE ratio of 19.35.
Celestica (NYSE:CLS) last announced its earnings results on Thursday, July 21st. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. Equities analysts predict that Celestica Inc. will post $1.17 EPS for the current fiscal year.
A number of hedge funds and institutional investors recently made changes to their positions in the company. 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 valued at $11,858,000 after buying an additional 222,154 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Celestica during the fourth quarter valued at approximately $3,477,000. 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 valued at $3,213,000 after buying an additional 26,334 shares during the last quarter. Finally, I.G. Investment Management LTD. increased 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 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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