Celestica (NYSE:CLS) Upgraded at StockNews.com

Celestica (NYSE:CLSGet Rating) (TSE:CLS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

CLS has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price target on Celestica from $12.00 to $13.50 in a research note on Friday, January 28th. Royal Bank of Canada lifted their target price on Celestica from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Friday, January 28th. Zacks Investment Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 5th. TD Securities set a $12.50 target price on Celestica and gave the stock a “hold” rating in a report on Tuesday. Finally, Canaccord Genuity Group lifted their target price on Celestica from $12.00 to $13.50 in a report on Friday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.50.

CLS opened at $10.62 on Thursday. Celestica has a 1 year low of $7.01 and a 1 year high of $13.40. The firm has a market capitalization of $1.32 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 0.48 and a beta of 2.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.52 and a quick ratio of 0.77. The business’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.20.

Celestica (NYSE:CLSGet Rating) (TSE:CLS) last issued its quarterly earnings results on Wednesday, January 26th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. Celestica had a return on equity of 11.41% and a net margin of 1.84%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, sell-side analysts expect that Celestica will post 1.61 EPS for the current year.

A number of large investors have recently made changes to their positions in CLS. UBS Group AG increased its position in shares of Celestica by 16.1% in the third quarter. UBS Group AG now owns 7,154 shares of the technology company’s stock valued at $64,000 after buying an additional 993 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Celestica by 13.7% in the second quarter. Wells Fargo & Company MN now owns 10,157 shares of the technology company’s stock valued at $80,000 after buying an additional 1,221 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Celestica by 13.2% in the third quarter. Hsbc Holdings PLC now owns 14,897 shares of the technology company’s stock valued at $132,000 after buying an additional 1,735 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Celestica by 2.0% in the third quarter. The Manufacturers Life Insurance Company now owns 111,721 shares of the technology company’s stock valued at $1,257,000 after buying an additional 2,235 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the first quarter valued at approximately $28,000. 60.38% of the stock is owned by institutional investors.

Celestica Company Profile (Get Rating)

Celestica Inc provides hardware platform and 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, engineering, supply chain management, new product introduction, 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.

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