Celestica, Inc. (NYSE:CLS) (TSE:CLS) has earned an average rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.89.
A number of brokerages have weighed in on CLS. Standpoint Research upgraded Celestica from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating on shares of Celestica in a research report on Friday, July 28th. BidaskClub cut Celestica from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. BMO Capital Markets lowered their price target on Celestica from $14.50 to $13.40 and set a “market perform” rating on the stock in a research report on Wednesday, July 26th. Finally, Scotiabank set a $15.00 price target on Celestica and gave the company a “sector perform” rating in a research report on Wednesday, July 26th.
Institutional investors have recently bought and sold shares of the business. Renaissance Group LLC boosted its stake in Celestica by 8.4% in the second quarter. Renaissance Group LLC now owns 29,261 shares of the technology company’s stock worth $397,000 after purchasing an additional 2,278 shares in the last quarter. NorthCoast Asset Management LLC acquired a new position in Celestica in the second quarter worth $1,885,000. KCG Holdings Inc. boosted its stake in Celestica by 26.2% in the first quarter. KCG Holdings Inc. now owns 24,769 shares of the technology company’s stock worth $360,000 after purchasing an additional 5,137 shares in the last quarter. UBS Group AG boosted its stake in Celestica by 34.6% in the first quarter. UBS Group AG now owns 98,357 shares of the technology company’s stock worth $1,429,000 after purchasing an additional 25,257 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Celestica by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 590,017 shares of the technology company’s stock worth $8,573,000 after purchasing an additional 26,062 shares in the last quarter. 59.80% of the stock is currently owned by institutional investors.
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Celestica (NYSE:CLS) traded down 0.72% during mid-day trading on Friday, hitting $12.43. 141,175 shares of the stock were exchanged. The company has a market cap of $1.78 billion, a P/E ratio of 13.51 and a beta of 0.72. The company has a 50-day moving average price of $12.13 and a 200-day moving average price of $13.17. Celestica has a one year low of $10.16 and a one year high of $14.74.
Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). Celestica had a net margin of 2.12% and a return on equity of 13.64%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $0.29 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Celestica will post $1.27 earnings per share for the current fiscal year.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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