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

Shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) have been assigned an average rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $109.55.

CLS has been the topic of a number of research reports. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. CIBC decreased their target price on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. Argus reduced their price target on shares of Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th.

Celestica Trading Up 1.6%

CLS opened at $113.27 on Friday. The stock has a market capitalization of $13.09 billion, a PE ratio of 30.29 and a beta of 1.65. The firm’s fifty day moving average price is $87.92 and its 200 day moving average price is $95.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica has a 12-month low of $40.25 and a 12-month high of $144.27.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. As a group, research analysts expect that Celestica will post 4.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Celestica

Hedge funds and other institutional investors have recently made changes to their positions in the company. Peregrine Capital Management LLC acquired a new position in shares of Celestica during the 4th quarter worth about $30,000. Rothschild Investment LLC bought a new stake in Celestica in the first quarter worth about $26,000. Pinpoint Asset Management Ltd raised its position in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. ORG Partners LLC purchased a new position in Celestica in the 1st quarter worth approximately $29,000. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Celestica in the 1st quarter valued at $30,000. 67.38% of the stock is owned by 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.