Brokerages Set Celestica, Inc. (NYSE:CLS) Target Price at $336.13

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $336.1333.

Several research firms have recently weighed in on CLS. TD Securities raised their target price on Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. BNP Paribas reissued an “outperform” rating and issued a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. Finally, TD Cowen restated a “hold” rating and set a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd.

Insider Buying and Selling at Celestica

In related news, Director Laurette T. Koellner purchased 6,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celestica

Institutional investors have recently added to or reduced their stakes in the stock. AIA Group Ltd acquired a new position in Celestica during the third quarter worth $1,750,000. CIBC Private Wealth Group LLC increased its stake in shares of Celestica by 29.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the technology company’s stock worth $740,000 after acquiring an additional 684 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Celestica during the 3rd quarter worth $946,000. Tcfg Wealth Management LLC acquired a new position in shares of Celestica during the 3rd quarter valued at about $285,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Celestica during the 3rd quarter valued at about $213,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of CLS stock opened at $299.52 on Friday. The stock’s 50-day moving average is $315.90 and its 200 day moving average is $242.66. The company has a market cap of $34.46 billion, a P/E ratio of 48.62 and a beta of 1.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. Celestica has a 1-year low of $58.05 and a 1-year high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. Research analysts predict that Celestica will post 4.35 earnings per share for the current fiscal year.

Celestica Company Profile

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.