Brokerages Set Celestica, Inc. (NYSE:CLS) Price Target at $336.13

Celestica, Inc. (NYSE:CLS) (TSE:CLS) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $336.1333.

Several research firms have recently weighed in on CLS. TD Securities lifted their target price on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada boosted their price objective on shares of Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. BNP Paribas reaffirmed an “outperform” rating and set a $300.00 target price on shares of Celestica in a research report on Thursday, September 25th. Finally, Citigroup raised shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price target for the company from $212.00 to $375.00 in a research note on Monday, November 10th.

Celestica Trading Up 0.6%

CLS opened at $324.86 on Wednesday. The stock has a market cap of $37.36 billion, a price-to-earnings ratio of 52.74 and a beta of 1.83. The stock’s 50 day moving average price is $297.53 and its 200-day moving average price is $220.11. Celestica has a one year low of $58.05 and a one year high of $363.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned $1.04 EPS. Celestica’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities analysts forecast that Celestica will post 4.35 EPS for the current year.

Insiders Place Their Bets

In other news, Director Laurette T. Koellner bought 6,000 shares of the stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director owned 6,000 shares of the company’s stock, valued at $2,050,020. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently made changes to their positions in CLS. Golden State Wealth Management LLC grew its holdings in Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Celestica by 42.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp purchased a new stake in shares of Celestica in the 3rd quarter worth approximately $31,000. ST Germain D J Co. Inc. bought a new position in shares of Celestica during the second quarter valued at approximately $37,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Celestica during the second quarter valued at approximately $40,000. 67.38% of the stock is currently owned by institutional investors.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.