Celestica (NYSE:CLS) (TSE:CLS) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other analysts have also recently commented on the company. TD Securities decreased their target price on Celestica from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday. Macquarie upgraded Celestica from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 10th. TheStreet cut Celestica from a “b-” rating to a “c+” rating in a report on Thursday, October 25th. Beacon Securities upgraded Celestica from a “hold” rating to a “buy” rating in a report on Wednesday, October 10th. Finally, Zacks Investment Research upgraded Celestica from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.00.

Shares of CLS stock opened at $8.10 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.11 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.57 and a beta of 0.84. Celestica has a 52 week low of $7.53 and a 52 week high of $12.59.

A number of institutional investors have recently bought and sold shares of the stock. Letko Brosseau & Associates Inc. boosted its holdings in Celestica by 0.4% in the third quarter. Letko Brosseau & Associates Inc. now owns 20,574,088 shares of the technology company’s stock valued at $222,676,000 after acquiring an additional 86,125 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Celestica by 21.5% in the third quarter. Janus Henderson Group PLC now owns 4,921,575 shares of the technology company’s stock valued at $53,301,000 after acquiring an additional 869,805 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Celestica by 51.6% in the third quarter. Pzena Investment Management LLC now owns 4,255,292 shares of the technology company’s stock valued at $46,085,000 after acquiring an additional 1,448,143 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Celestica by 5.3% in the third quarter. Russell Investments Group Ltd. now owns 3,001,630 shares of the technology company’s stock valued at $32,539,000 after acquiring an additional 150,273 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Celestica by 2.9% in the third quarter. Vanguard Group Inc. now owns 2,977,912 shares of the technology company’s stock valued at $32,250,000 after acquiring an additional 83,417 shares during the last quarter. Institutional investors and hedge funds own 68.22% of the company’s stock.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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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Analyst Recommendations for Celestica (NYSE:CLS)

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