StockNews.com assumed coverage on shares of Celestica (NYSE:CLS – Get Rating) (TSE:CLS) in a report released on Thursday morning. The brokerage issued a strong-buy rating on the technology company’s stock.
Several other equities research analysts have also commented on the stock. Citigroup increased their price objective on shares of Celestica from $12.00 to $14.00 and gave the company a neutral rating in a research note on Friday, January 27th. TD Securities lifted their price target on Celestica from $13.00 to $14.00 and gave the stock a hold rating in a report on Friday, January 27th. BMO Capital Markets boosted their price objective on Celestica from $14.00 to $15.50 and gave the stock an outperform rating in a research report on Friday, January 27th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $15.00 target price on shares of Celestica in a research report on Thursday, February 23rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $14.58.
Celestica Stock Up 0.8 %
Shares of NYSE:CLS opened at $12.00 on Thursday. The business’s 50 day moving average is $12.99 and its 200 day moving average is $11.23. Celestica has a 12-month low of $8.21 and a 12-month high of $14.28. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 10.17 and a beta of 2.11. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.44.
Hedge Funds Weigh In On Celestica
Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Celestica by 120.3% in the first quarter. JPMorgan Chase & Co. now owns 193,371 shares of the technology company’s stock valued at $2,303,000 after buying an additional 105,576 shares during the period. Raymond James & Associates bought a new stake in Celestica in the 1st quarter valued at about $132,000. BlackRock Inc. raised its stake in Celestica by 20.3% in the 1st quarter. BlackRock Inc. now owns 265,505 shares of the technology company’s stock valued at $3,162,000 after acquiring an additional 44,885 shares during the period. APG Asset Management N.V. lifted its holdings in Celestica by 57.2% during the first quarter. APG Asset Management N.V. now owns 168,657 shares of the technology company’s stock valued at $1,805,000 after purchasing an additional 61,400 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Celestica by 35.4% during the first quarter. Great West Life Assurance Co. Can now owns 12,536 shares of the technology company’s stock worth $158,000 after purchasing an additional 3,276 shares during the period. Hedge funds and other institutional investors own 56.26% of the company’s stock.
Celestica, Inc engages in the provision of supply chain solutions globally to equipment manufacturers and service providers. It operates through the following segments: Advanced Technology Solutions (ATS), and Connectivity and Cloud Solutions (CCS). The Advanced Technology Solutions (ATS) segment includes aerospace and defense, industrial, smart energy, health tech, and capital equipment businesses.
- Get a free copy of the StockNews.com research report on Celestica (CLS)
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