Celestica, Inc. (NYSE:CLS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $340.75.

Several equities research analysts have recently weighed in on CLS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. TD Cowen reiterated a “hold” rating and issued a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. Stifel Nicolaus restated a “buy” rating and set a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Barclays upped their target price on shares of Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Celestica in a research note on Monday.

Celestica Stock Performance

NYSE:CLS opened at $308.04 on Thursday. Celestica has a 12 month low of $58.05 and a 12 month high of $363.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a market capitalization of $35.44 billion, a PE ratio of 50.01 and a beta of 1.87. The business’s fifty day moving average price is $309.44 and its 200 day moving average price is $263.74.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the business earned $1.04 EPS. Celestica’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, sell-side analysts anticipate that Celestica will post 4.35 earnings per share for the current fiscal year.

Insider Activity at Celestica

In other news, Director Laurette T. Koellner bought 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were acquired 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after buying an additional 37 shares during the last quarter. First Horizon Corp acquired a new position in shares of Celestica in the 3rd quarter valued at $31,000. Golden State Wealth Management LLC increased its holdings in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after acquiring an additional 83 shares during the period. Avion Wealth purchased a new stake in Celestica in the 3rd quarter valued at $40,000. Finally, Fifth Third Bancorp boosted its stake in Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

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.