Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS's share price hit a new 52-week high on Monday . The company traded as high as $101.09 and last traded at $99.57, with a volume of 397701 shares changing hands. The stock had previously closed at $96.92.
Analysts Set New Price Targets
CLS has been the subject of a number of research analyst reports. Barclays began coverage on shares of Celestica in a research report on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 target price for the company. Stifel Nicolaus upped their price objective on Celestica from $70.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. UBS Group assumed coverage on Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 target price on the stock. TD Securities upped their price target on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets increased their price objective on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.82.
Check Out Our Latest Stock Analysis on CLS
Celestica Trading Up 1.9 %
The stock's 50-day simple moving average is $87.32 and its two-hundred day simple moving average is $65.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a market capitalization of $11.49 billion, a P/E ratio of 31.34 and a beta of 2.25.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Equities research analysts expect that Celestica Inc. will post 3.44 EPS for the current year.
Hedge Funds Weigh In On Celestica
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in Celestica in the 3rd quarter worth $61,210,000. Driehaus Capital Management LLC lifted its position in shares of Celestica by 19,876.9% in the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company's stock worth $66,770,000 after buying an additional 1,158,823 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock valued at $432,846,000 after buying an additional 975,163 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock valued at $55,451,000 after buying an additional 301,563 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company's stock worth $11,936,000 after acquiring an additional 220,494 shares during the last quarter. Institutional investors own 67.38% of the company's stock.
About Celestica
(
Get Free Report)
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.
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