Investment Analysts’ Weekly Ratings Changes for Celestica (CLS)

A number of firms have modified their ratings and price targets on shares of Celestica (NYSE: CLS) recently:

  • 4/26/2019 – Celestica had its price target lowered by analysts at Royal Bank of Canada from $10.00 to $9.00. They now have a “sector perform” rating on the stock.
  • 4/26/2019 – Celestica was downgraded by analysts at Beacon Securities from a “buy” rating to a “hold” rating. They now have a $9.00 price target on the stock, down previously from $10.50.
  • 4/26/2019 – Celestica had its price target lowered by analysts at TD Securities from $10.00 to $8.00. They now have a “hold” rating on the stock.
  • 4/26/2019 – Celestica was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating.
  • 4/25/2019 – Celestica was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating.
  • 4/25/2019 – Celestica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Celestica, Inc. is one of the largest electronics manufacturing services company in the world, serving the computer, and communications sectors. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world’s leading original equipment manufacturers. Celestica’s extensive depth and breadth of offerings supports a wide variety of customer requirements from low volume, high complexity custom products to high volume commodity products. “
  • 4/22/2019 – Celestica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “Celestica, Inc. is one of the largest electronics manufacturing services company in the world, serving the computer, and communications sectors. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world’s leading original equipment manufacturers. Celestica’s extensive depth and breadth of offerings supports a wide variety of customer requirements from low volume, high complexity custom products to high volume commodity products. “
  • 4/16/2019 – Celestica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Celestica, Inc. is one of the largest electronics manufacturing services company in the world, serving the computer, and communications sectors. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world’s leading original equipment manufacturers. Celestica’s extensive depth and breadth of offerings supports a wide variety of customer requirements from low volume, high complexity custom products to high volume commodity products. “
  • 4/15/2019 – Celestica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “Celestica, Inc. is one of the largest electronics manufacturing services company in the world, serving the computer, and communications sectors. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world’s leading original equipment manufacturers. Celestica’s extensive depth and breadth of offerings supports a wide variety of customer requirements from low volume, high complexity custom products to high volume commodity products. “
  • 4/10/2019 – Celestica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Celestica, Inc. is one of the largest electronics manufacturing services company in the world, serving the computer, and communications sectors. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world’s leading original equipment manufacturers. Celestica’s extensive depth and breadth of offerings supports a wide variety of customer requirements from low volume, high complexity custom products to high volume commodity products. “
  • 4/9/2019 – Celestica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “Celestica, Inc. is one of the largest electronics manufacturing services company in the world, serving the computer, and communications sectors. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world’s leading original equipment manufacturers. Celestica’s extensive depth and breadth of offerings supports a wide variety of customer requirements from low volume, high complexity custom products to high volume commodity products. “

NYSE:CLS traded down $0.08 on Thursday, hitting $7.03. The stock had a trading volume of 24,427 shares, compared to its average volume of 447,667. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.81. The firm has a market cap of $975.89 million, a price-to-earnings ratio of 10.04 and a beta of 0.73. Celestica Inc has a 1 year low of $6.90 and a 1 year high of $12.59.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.08. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Celestica had a net margin of 2.67% and a return on equity of 13.21%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. As a group, sell-side analysts forecast that Celestica Inc will post -0.4 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. HCR Wealth Advisors purchased a new stake in shares of Celestica during the 1st quarter worth approximately $358,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Celestica during the 1st quarter worth approximately $56,000. SEI Investments Co purchased a new stake in shares of Celestica during the 1st quarter worth approximately $63,000. Squarepoint Ops LLC purchased a new stake in shares of Celestica during the 4th quarter worth approximately $91,000. Finally, Citigroup Inc. increased its stake in shares of Celestica by 10,347.4% during the 4th quarter. Citigroup Inc. now owns 12,119 shares of the technology company’s stock worth $106,000 after purchasing an additional 12,003 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. 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, asset management, product licensing, and after-market repair and return services.

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