Celestica Inc. (NYSE:CLS) Given Consensus Rating of “Moderate Buy” by Analysts

Celestica Inc. (NYSE:CLS) (TSE:CLS) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $42.25.

Several research firms recently commented on CLS. Canaccord Genuity Group increased their price objective on Celestica from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus boosted their price objective on Celestica from $36.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. TD Securities raised their target price on Celestica from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. BMO Capital Markets boosted their price target on shares of Celestica from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, CIBC reaffirmed a “neutral” rating and set a $49.00 target price (up from $41.00) on shares of Celestica in a research note on Friday, April 26th.

Institutional Investors Weigh In On Celestica

Large investors have recently bought and sold shares of the stock. Trexquant Investment LP boosted its stake in Celestica by 0.6% in the third quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock valued at $2,170,000 after acquiring an additional 502 shares in the last quarter. Byrne Asset Management LLC boosted its stake in Celestica by 78.6% during the 1st quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock worth $56,000 after purchasing an additional 550 shares during the period. Guardian Capital Advisors LP increased its stake in Celestica by 8.5% in the fourth quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock valued at $256,000 after purchasing an additional 685 shares during the period. Clearstead Advisors LLC acquired a new position in Celestica in the third quarter valued at $32,000. Finally, Blue Trust Inc. raised its holdings in shares of Celestica by 128.6% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 4.5 %

CLS opened at $46.90 on Tuesday. The company has a fifty day moving average of $45.13 and a two-hundred day moving average of $35.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.42. Celestica has a fifty-two week low of $10.77 and a fifty-two week high of $51.12. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 17.50 and a beta of 2.25.

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.