Celestica (NYSE:CLS) Price Target Raised to $410.00

Celestica (NYSE:CLSFree Report) (TSE:CLS) had its target price upped by Aletheia Capital from $330.00 to $410.00 in a report released on Tuesday morning,BayStreet.CA reports. Aletheia Capital currently has a buy rating on the technology company’s stock.

CLS has been the topic of a number of other reports. Citigroup raised shares of Celestica from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $212.00 to $375.00 in a report on Monday, November 10th. BNP Paribas Exane reissued an “outperform” rating and set a $300.00 target price on shares of Celestica in a research report on Thursday, September 25th. JPMorgan Chase & Co. raised their price target on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. TD Cowen reiterated a “hold” rating and issued a $238.00 price objective on shares of Celestica in a research note on Friday, October 3rd. Finally, Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $340.75.

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Celestica Price Performance

Shares of NYSE CLS opened at $290.32 on Tuesday. The company has a market capitalization of $33.40 billion, a PE ratio of 47.13 and a beta of 1.87. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $309.58 and its 200-day moving average price is $260.20. Celestica has a twelve month low of $58.05 and a twelve month high of $363.40.

Celestica (NYSE:CLSGet Free Report) (TSE:CLS) last issued its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company posted $1.04 earnings per share. Celestica’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities analysts anticipate that Celestica will post 4.35 EPS for the current year.

Insider Transactions at Celestica

In related news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average price 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 in the company, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently made changes to their positions in CLS. Arrowstreet Capital Limited Partnership boosted its stake in Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after purchasing an additional 2,596,318 shares during the period. Viking Global Investors LP purchased a new stake in shares of Celestica in the third quarter worth about $424,459,000. Norges Bank bought a new position in shares of Celestica in the second quarter valued at approximately $236,069,000. SRS Investment Management LLC purchased a new position in Celestica during the second quarter valued at approximately $135,289,000. Finally, Picton Mahoney Asset Management bought a new stake in Celestica during the 2nd quarter worth approximately $90,425,000. 67.38% of the stock is currently owned by institutional investors.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

Celestica Company Profile

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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.

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Analyst Recommendations for Celestica (NYSE:CLS)

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