Stifel Nicolaus Boosts Celestica (NYSE:CLS) Price Target to $48.00

Celestica (NYSE:CLS) (TSE:CLS) had its price objective increased by Stifel Nicolaus from $36.00 to $48.00 in a report published on Friday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. CIBC restated a neutral rating and set a $49.00 target price (up previously from $41.00) on shares of Celestica in a research note on Friday. StockNews.com cut shares of Celestica from a buy rating to a hold rating in a research note on Wednesday, February 28th. BMO Capital Markets boosted their price target on shares of Celestica from $37.00 to $48.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. TD Securities boosted their price target on shares of Celestica from $33.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Finally, Canaccord Genuity Group boosted their price target on shares of Celestica from $32.50 to $38.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Celestica has an average rating of Moderate Buy and an average target price of $42.25.

Celestica Stock Up 0.5 %

CLS opened at $43.46 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.40. Celestica has a fifty-two week low of $10.50 and a fifty-two week high of $51.12. The firm’s fifty day moving average is $44.57 and its 200 day moving average is $34.48. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 16.22 and a beta of 2.22.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. Celestica had a net margin of 3.86% and a return on equity of 18.21%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. On average, sell-side analysts forecast that Celestica will post 2.59 earnings per share for the current fiscal year.

Institutional Trading of Celestica

Several hedge funds have recently made changes to their positions in the business. Trexquant Investment LP raised its position in shares of Celestica by 0.6% during the 3rd quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock valued at $2,170,000 after buying an additional 502 shares in the last quarter. Byrne Asset Management LLC raised its position in shares of Celestica by 78.6% during the 1st quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock valued at $56,000 after buying an additional 550 shares in the last quarter. Guardian Capital Advisors LP raised its position in shares of Celestica by 8.5% during the 4th quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock valued at $256,000 after buying an additional 685 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Celestica during the 3rd quarter valued at about $32,000. Finally, Blue Trust Inc. raised its position in shares of Celestica by 128.6% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock valued at $72,000 after buying an additional 1,384 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other 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.