Celestica, Inc. (NYSE:CLS) Receives Average Rating of “Moderate Buy” from Brokerages

Celestica, Inc. (NYSE:CLS) (TSE:CLS) has earned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $336.1333.

A number of research firms recently weighed in on CLS. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Barclays upped their target price on Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Royal Bank Of Canada increased their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. BNP Paribas restated an “outperform” rating and set a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th.

Insider Activity

In related news, Director Laurette T. Koellner purchased 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the acquisition, the director owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its stake in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp bought a new position in Celestica in the third quarter worth approximately $31,000. ST Germain D J Co. Inc. purchased a new position in Celestica during the 2nd quarter worth $37,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Celestica during the 2nd quarter worth $40,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 1.6%

NYSE CLS opened at $303.72 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica has a 52 week low of $58.05 and a 52 week high of $363.40. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 49.31 and a beta of 1.83. The company has a fifty day moving average of $314.61 and a two-hundred day moving average of $239.43.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.13. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. On average, analysts predict that Celestica will post 4.35 earnings per share for the current year.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.