Celestica Inc. (NYSE:CLS) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS have received an average recommendation of "Moderate Buy" from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $71.45.

CLS has been the subject of several recent analyst reports. Barclays assumed coverage on Celestica in a research note on Tuesday, November 5th. They set an "overweight" rating and a $91.00 target price for the company. Canaccord Genuity Group raised their price objective on Celestica from $53.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 26th. TD Securities lifted their target price on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. UBS Group started coverage on shares of Celestica in a research note on Friday. They issued a "neutral" rating and a $95.00 price objective for the company. Finally, StockNews.com cut shares of Celestica from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CLS. Sei Investments Co. raised its holdings in Celestica by 117.8% during the 1st quarter. Sei Investments Co. now owns 40,560 shares of the technology company's stock worth $1,823,000 after purchasing an additional 21,940 shares during the last quarter. Vanguard Group Inc. raised its stake in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company's stock worth $194,643,000 after buying an additional 64,658 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Celestica by 2,494.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company's stock valued at $391,147,000 after buying an additional 8,368,293 shares during the period. SVB Wealth LLC bought a new stake in Celestica during the first quarter valued at $276,000. Finally, Bayesian Capital Management LP acquired a new stake in Celestica during the 1st quarter worth about $1,659,000. 67.38% of the stock is owned by institutional investors.

Celestica Price Performance

Shares of NYSE CLS traded down $2.28 during mid-day trading on Friday, reaching $89.16. The company had a trading volume of 3,258,175 shares, compared to its average volume of 2,594,998. Celestica has a one year low of $25.83 and a one year high of $93.15. The business's 50-day simple moving average is $64.95 and its 200 day simple moving average is $57.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 28.30 and a beta of 2.24.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm earned $0.65 EPS. The business's quarterly revenue was up 24.8% compared to the same quarter last year. On average, research analysts predict that Celestica will post 3.44 earnings per share for the current fiscal year.

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.