Celestica Inc. (CLS) Downgraded to Hold at Standpoint Research
CLS has been the subject of a number of other reports. Zacks Investment Research raised shares of Celestica from a hold rating to a buy rating and set a $13.00 price target for the company in a research note on Wednesday, October 26th. Canaccord Genuity set a $13.00 price target on shares of Celestica and gave the stock a buy rating in a research note on Friday, October 21st. Macquarie cut shares of Celestica from an outperform rating to a neutral rating in a research note on Friday, July 29th. BMO Capital Markets reaffirmed a hold rating on shares of Celestica in a research note on Friday, October 21st. Finally, B. Riley reaffirmed a neutral rating and set a $11.75 price target on shares of Celestica in a research note on Sunday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Celestica presently has an average rating of Hold and a consensus price target of $13.04.
Shares of Celestica (NYSE:CLS) traded down 0.6364% during trading on Friday, hitting $12.2714. 60,182 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $11.38 and a 200-day moving average price of $10.65. Celestica has a one year low of $8.07 and a one year high of $12.59. The stock has a market cap of $1.72 billion, a P/E ratio of 14.0084 and a beta of 1.08.
Celestica (NYSE:CLS) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.13. Celestica had a net margin of 2.16% and a return on equity of 12.63%. The business earned $1.55 billion during the quarter. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts expect that Celestica will post $1.29 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of CLS. Prudential Financial Inc. raised its position in 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. Walleye Trading LLC raised its position in 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. Parametric Portfolio Associates LLC raised its position in shares of Celestica by 2.6% in the second quarter. Parametric Portfolio Associates LLC now owns 17,462 shares of the company’s stock worth $162,000 after buying an additional 435 shares during the last quarter. LPL Financial LLC raised its position in shares of Celestica by 5.1% in the third quarter. LPL Financial LLC now owns 10,652 shares of the company’s stock worth $115,000 after buying an additional 520 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Celestica by 8.9% in the third quarter. First Trust Advisors LP now owns 28,386 shares of the company’s stock worth $307,000 after buying an additional 2,308 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.
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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