Celestica Inc. (CLS) Given Average Recommendation of “Hold” by Brokerages
Shares of Celestica Inc. (NYSE:CLS) have earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock. 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 analysts that have covered the stock in the last year is $12.31.
Several equities research analysts recently commented on CLS shares. Canaccord Genuity raised Celestica from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, July 22nd. B. Riley reissued a “neutral” rating and issued a $11.00 target price on shares of Celestica in a research report on Monday, July 25th. Zacks Investment Research raised Celestica from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, July 27th. Macquarie cut Celestica from an “outperform” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Celestica in a research report on Friday, October 21st.
Celestica (NYSE:CLS) opened at 11.97 on Wednesday. Celestica has a one year low of $8.07 and a one year high of $12.30. The stock’s 50 day moving average price is $11.17 and its 200 day moving average price is $10.61. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 13.66 and a beta of 1.08.
Celestica (NYSE:CLS) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.30 by $0.13. Celestica had a return on equity of 12.63% and a net margin of 2.16%. The company had revenue of $1.55 billion for the quarter. During the same period last year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts predict that Celestica will post $1.29 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in Celestica during the second quarter valued at approximately $100,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Celestica during the second quarter valued at about $104,000. Prudential Financial Inc. increased 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 period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Celestica during the third quarter valued at about $123,000. Finally, Walleye Trading LLC increased 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 period. 70.87% of the stock is currently owned by hedge funds and other institutional investors.
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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