Celestica (NYSE:CLS) PT Raised to $13.00 at TD Securities

Celestica (NYSE:CLSGet Rating) (TSE:CLS) had its price objective hoisted by equities researchers at TD Securities from $12.50 to $13.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the technology company’s stock. TD Securities’ price objective points to a potential upside of 15.76% from the company’s previous close.

CLS has been the topic of several other research reports. Zacks Investment Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 5th. Royal Bank of Canada increased their price target on Celestica from $11.00 to $13.00 and gave the company a “sector perform” rating in a report on Friday, January 28th. Canaccord Genuity Group raised their price objective on shares of Celestica from $12.00 to $13.50 in a research note on Friday, January 28th. Canaccord Genuity Group raised their price objective on shares of Celestica from $12.00 to $13.50 in a research note on Friday, January 28th. Finally, StockNews.com upgraded shares of Celestica from a “buy” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica currently has a consensus rating of “Hold” and an average target price of $12.58.

Shares of CLS stock opened at $11.23 on Monday. The stock’s 50 day simple moving average is $11.61 and its 200 day simple moving average is $11.24. Celestica has a twelve month low of $7.01 and a twelve month high of $13.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.77 and a current ratio of 1.52. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.48 and a beta of 2.26.

Celestica (NYSE:CLSGet Rating) (TSE:CLS) last announced its quarterly earnings results on Wednesday, April 27th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Celestica had a return on equity of 12.73% and a net margin of 1.93%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. On average, analysts forecast that Celestica will post 1.65 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of CLS. Wells Fargo & Company MN lifted its position in Celestica by 13.7% in the second quarter. Wells Fargo & Company MN now owns 10,157 shares of the technology company’s stock worth $80,000 after purchasing an additional 1,221 shares during the period. ClariVest Asset Management LLC lifted its holdings in shares of Celestica by 386.0% during the third quarter. ClariVest Asset Management LLC now owns 368,415 shares of the technology company’s stock valued at $3,273,000 after acquiring an additional 292,615 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Celestica by 0.8% during the third quarter. Mackenzie Financial Corp now owns 1,527,725 shares of the technology company’s stock valued at $13,547,000 after acquiring an additional 12,323 shares during the period. Guyasuta Investment Advisors Inc. lifted its holdings in shares of Celestica by 2.8% during the third quarter. Guyasuta Investment Advisors Inc. now owns 236,505 shares of the technology company’s stock valued at $2,100,000 after acquiring an additional 6,510 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Celestica by 27.5% during the third quarter. BlackRock Inc. now owns 229,717 shares of the technology company’s stock valued at $2,039,000 after acquiring an additional 49,546 shares during the period. 61.00% of the stock is owned by hedge funds and other 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.

Read More

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.