Analysts Set Celestica Inc (CLS) PT at $12.50
Shares of Celestica Inc (NYSE:CLS) (TSE:CLS) have earned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.50.
Several analysts have weighed in on the company. TD Securities boosted their price objective on Celestica from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Beacon Securities downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Celestica from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th.
Shares of CLS opened at $10.86 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. The company has a quick ratio of 1.16, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. Celestica has a 1 year low of $9.79 and a 1 year high of $12.76.
A number of hedge funds have recently made changes to their positions in CLS. Swiss National Bank lifted its position in Celestica by 5.3% in the first quarter. Swiss National Bank now owns 224,600 shares of the technology company’s stock valued at $2,321,000 after purchasing an additional 11,300 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Celestica by 22.8% during the first quarter. Neuberger Berman Group LLC now owns 24,836 shares of the technology company’s stock valued at $257,000 after acquiring an additional 4,613 shares in the last quarter. Northern Trust Corp bought a new position in shares of Celestica during the first quarter valued at approximately $104,000. Matarin Capital Management LLC bought a new position in shares of Celestica during the first quarter valued at approximately $2,384,000. Finally, Toronto Dominion Bank raised its holdings in shares of Celestica by 70.4% during the first quarter. Toronto Dominion Bank now owns 109,277 shares of the technology company’s stock valued at $1,128,000 after acquiring an additional 45,148 shares in the last quarter. Hedge funds and other institutional investors own 75.50% of the company’s stock.
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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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