Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $106.59 and last traded at $105.04, with a volume of 190715 shares. The stock had previously closed at $103.11.
Wall Street Analyst Weigh In
CLS has been the subject of a number of research analyst reports. TD Securities boosted their price target on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. UBS Group began coverage on shares of Celestica in a report on Friday, November 22nd. They set a "neutral" rating and a $95.00 target price on the stock. Canaccord Genuity Group raised their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. TD Cowen boosted their price objective 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 raised their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.45.
View Our Latest Stock Analysis on CLS
Celestica Stock Performance
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 stock has a fifty day moving average price of $93.15 and a two-hundred day moving average price of $68.54. The company has a market cap of $13.17 billion, a P/E ratio of 35.94 and a beta of 2.25.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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 return on equity of 21.58% and a net margin of 4.08%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same period last year, the firm earned $0.65 EPS. The firm's revenue was up 24.8% compared to the same quarter last year. On average, equities analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Celestica news, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company's stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Optimum Investment Advisors raised its holdings in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Celestica during the 3rd quarter valued at $30,000. UMB Bank n.a. bought a new stake in shares of Celestica in the 3rd quarter worth $34,000. Private Trust Co. NA lifted its holdings in shares of Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock valued at $44,000 after buying an additional 720 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Celestica in the third quarter valued at $51,000. 67.38% of the stock is currently owned by institutional investors.
Celestica Company Profile
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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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