Celestica (NYSE:CLS) Lifted to “Buy” at StockNews.com

Celestica (NYSE:CLS) (TSE:CLS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

CLS has been the subject of a number of other research reports. TD Securities boosted their price objective on Celestica from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. BMO Capital Markets upped their price target on shares of Celestica from $37.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Fox Advisors initiated coverage on shares of Celestica in a research report on Wednesday. They issued an “overweight” rating and a $60.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada lifted their price target on Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a report on Sunday, April 28th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.56.

Celestica Stock Down 1.6 %

CLS stock opened at $51.57 on Thursday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 19.24 and a beta of 2.25. Celestica has a 1-year low of $11.13 and a 1-year high of $53.01. The firm has a fifty day moving average price of $45.94 and a two-hundred day moving average price of $36.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.78.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.10 billion. Celestica had a net margin of 3.86% and a return on equity of 18.25%. Research analysts predict that Celestica will post 2.87 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Clearstead Advisors LLC bought a new stake in Celestica in the third quarter worth about $32,000. Principal Securities Inc. acquired a new stake in Celestica during the fourth quarter valued at approximately $42,000. Byrne Asset Management LLC boosted its holdings in Celestica by 78.6% during the first quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock worth $56,000 after buying an additional 550 shares in the last quarter. UMB Bank n.a. acquired a new position in Celestica in the first quarter worth approximately $64,000. Finally, Covestor Ltd bought a new position in shares of Celestica in the third quarter valued at $68,000. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.