Aletheia Capital Issues Positive Forecast for Celestica (NYSE:CLS) Stock Price

Celestica (NYSE:CLS) (TSE:CLS) had its price objective boosted by Aletheia Capital from $330.00 to $410.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts have also recently commented on the stock. Citigroup upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their target price for the stock from $212.00 to $375.00 in a research report on Monday, November 10th. TD Securities increased their price objective on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. TD Cowen restated a “hold” rating and issued a $238.00 target price on shares of Celestica in a research report on Friday, October 3rd. BNP Paribas reiterated an “outperform” rating and set a $300.00 price target on shares of Celestica in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their price target on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average target price of $340.75.

Celestica Price Performance

Shares of NYSE CLS opened at $310.48 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a market capitalization of $35.72 billion, a PE ratio of 50.40 and a beta of 1.87. Celestica has a 1-year low of $58.05 and a 1-year high of $363.40. The business’s fifty day moving average price is $310.10 and its two-hundred day moving average price is $259.63.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, research analysts expect that Celestica will post 4.35 EPS for the current year.

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the purchase, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently bought and sold shares of CLS. Golden State Wealth Management LLC grew its stake in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares in the last quarter. First Horizon Corp acquired a new position in Celestica in the third quarter worth approximately $31,000. ST Germain D J Co. Inc. acquired a new position in Celestica in the second quarter worth approximately $37,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Celestica in the second quarter valued at $40,000. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.