Shares of Celestica Inc (NYSE:CLS) (TSE:CLS) have been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.27.
CLS has been the topic of several research analyst reports. TheStreet raised Celestica from a “c+” rating to a “b-” rating in a research note on Monday, May 7th. Zacks Investment Research raised Celestica from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Royal Bank of Canada lifted their target price on Celestica from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Monday, April 30th.
Celestica traded down $0.07, reaching $12.24, during trading on Thursday, according to Marketbeat.com. The company had a trading volume of 301,300 shares, compared to its average volume of 670,497. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12. Celestica has a 12-month low of $9.79 and a 12-month high of $14.06. The stock has a market capitalization of $1.50 billion, a P/E ratio of 17.00 and a beta of 0.61.
Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Friday, April 27th. The technology company reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. Celestica had a return on equity of 7.15% and a net margin of 1.57%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted $0.29 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. research analysts predict that Celestica will post 0.65 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in CLS. Swiss National Bank lifted its holdings in shares of Celestica by 3.4% during the 4th quarter. Swiss National Bank now owns 213,300 shares of the technology company’s stock valued at $2,238,000 after buying an additional 7,100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Celestica by 16.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,940,325 shares of the technology company’s stock valued at $30,815,000 after buying an additional 417,154 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Celestica by 27.5% during the 4th quarter. Royce & Associates LP now owns 3,961,789 shares of the technology company’s stock valued at $41,520,000 after buying an additional 854,186 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Celestica during the 4th quarter valued at about $278,000. Finally, Quadrature Capital Ltd lifted its holdings in shares of Celestica by 38.0% during the 4th quarter. Quadrature Capital Ltd now owns 99,700 shares of the technology company’s stock valued at $1,045,000 after buying an additional 27,439 shares during the last quarter. Institutional investors and hedge funds own 70.94% of the company’s stock.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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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