Celestica (NYSE: CLS) recently received a number of ratings updates from brokerages and research firms:
- 4/28/2024 – Celestica had its price target raised by analysts at Royal Bank of Canada from $47.00 to $53.00. They now have an “outperform” rating on the stock.
- 4/26/2024 – Celestica had its “neutral” rating reaffirmed by analysts at CIBC. They now have a $49.00 price target on the stock, up previously from $41.00.
- 4/26/2024 – Celestica had its price target raised by analysts at Stifel Nicolaus from $36.00 to $48.00. They now have a “hold” rating on the stock.
- 4/26/2024 – Celestica had its price target raised by analysts at Canaccord Genuity Group Inc. from $48.00 to $53.00. They now have a “buy” rating on the stock.
- 4/22/2024 – Celestica had its price target raised by analysts at Royal Bank of Canada from $38.00 to $47.00. They now have an “outperform” rating on the stock.
- 4/22/2024 – Celestica had its price target raised by analysts at BMO Capital Markets from $37.00 to $48.00. They now have an “outperform” rating on the stock.
Celestica Trading Up 1.3 %
Shares of CLS stock opened at $44.03 on Tuesday. Celestica Inc. has a 1-year low of $10.50 and a 1-year high of $51.12. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 16.43 and a beta of 2.22. The stock has a 50-day moving average of $44.66 and a 200-day moving average of $34.60.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.08 billion. Celestica had a net margin of 3.86% and a return on equity of 18.25%. On average, equities research analysts forecast that Celestica Inc. will post 2.59 earnings per share for the current year.
Institutional Trading of 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.
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