Celestica, Inc. (CLS) Given New $13.40 Price Target at BMO Capital Markets
Celestica, Inc. (NYSE:CLS) (TSE:CLS) had its price objective reduced by BMO Capital Markets from $14.50 to $13.40 in a report published on Wednesday morning. They currently have a market perform rating on the technology company’s stock.
A number of other equities analysts have also recently issued reports on the stock. Scotiabank set a $15.00 price objective on shares of Celestica and gave the company a sector perform rating in a research note on Wednesday. Macquarie cut shares of Celestica from an outperform rating to a neutral rating in a research note on Thursday, June 22nd. BidaskClub cut shares of Celestica from a hold rating to a sell rating in a research note on Saturday, June 17th. Bank of America Corporation assumed coverage on shares of Celestica in a research note on Thursday, June 15th. They issued a neutral rating and a $15.50 price objective for the company. Finally, Royal Bank Of Canada restated a sector perform rating and issued a $15.00 price objective (up previously from $13.00) on shares of Celestica in a research note on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Celestica currently has a consensus rating of Hold and an average price target of $13.92.
Celestica (CLS) traded down 2.35% on Wednesday, hitting $12.06. 593,716 shares of the stock traded hands. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 13.11 and a beta of 0.69. The stock has a 50-day moving average of $13.57 and a 200-day moving average of $13.71. Celestica has a 12-month low of $10.16 and a 12-month high of $14.74.
Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.08. Celestica had a net margin of 2.12% and a return on equity of 13.64%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Celestica will post $1.27 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Celestica by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 563,955 shares of the technology company’s stock valued at $6,683,000 after buying an additional 25,450 shares during the last quarter. FMR LLC purchased a new stake in Celestica during the fourth quarter valued at $153,000. Norges Bank purchased a new stake in Celestica during the fourth quarter valued at $22,977,000. Quadrature Capital Ltd raised its stake in Celestica by 152.4% in the fourth quarter. Quadrature Capital Ltd now owns 81,263 shares of the technology company’s stock valued at $960,000 after buying an additional 49,063 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in Celestica by 13.6% in the first quarter. Foundry Partners LLC now owns 561,561 shares of the technology company’s stock valued at $8,159,000 after buying an additional 67,054 shares during the last quarter. 61.58% of the stock is currently owned by institutional investors and hedge funds.
Celestica Inc is a provider of supply chain solutions. 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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