Brokerages Set Celestica Inc. (NYSE:CLS) PT at $12.00
Celestica Inc. (NYSE:CLS) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.00.
Several brokerages have weighed in on CLS. Zacks Investment Research upgraded Celestica from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, July 27th. Macquarie downgraded Celestica from an “outperform” rating to a “neutral” rating in a research report on Friday, July 29th. Canaccord Genuity reiterated a “buy” rating and issued a $12.00 price objective on shares of Celestica in a research report on Thursday, August 11th. Finally, B. Riley reiterated a “neutral” rating and issued a $11.00 price objective on shares of Celestica in a research report on Monday, July 25th.
Shares of Celestica (NYSE:CLS) opened at 10.72 on Wednesday. Celestica has a 52-week low of $8.07 and a 52-week high of $13.36. The company has a 50-day moving average of $10.66 and a 200 day moving average of $10.50. The firm has a market cap of $1.50 billion, a P/E ratio of 18.45 and a beta of 1.19.
Celestica (NYSE:CLS) last released its earnings results on Thursday, July 21st. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The company earned $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Celestica had a return on equity of 10.26% and a net margin of 1.47%. During the same quarter in the previous year, the company posted $0.25 EPS. On average, equities analysts expect that Celestica will post $1.17 earnings per share for the current year.
A number of large investors have recently modified their holdings of CLS. Stevens Capital Management LP purchased a new stake in shares of Celestica during the second quarter valued at $100,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Celestica during the second quarter valued at $104,000. Prudential Financial Inc. boosted its stake in shares of Celestica by 2.6% in the second quarter. Prudential Financial Inc. now owns 12,272 shares of the company’s stock valued at $114,000 after buying an additional 316 shares during the last quarter. Walleye Trading LLC boosted its stake in shares of Celestica by 2.3% in the second quarter. Walleye Trading LLC now owns 14,000 shares of the company’s stock valued at $130,000 after buying an additional 318 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Celestica during the second quarter valued at $135,000. 71.87% of the stock is currently owned by institutional investors.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, 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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