Celestica Inc. (NYSE:CLS) Receives $114.82 Consensus PT from Analysts

Celestica Inc. (NYSE:CLS) (TSE:CLS) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $116.64.

Several brokerages have issued reports on CLS. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Barclays reissued an “overweight” rating and issued a $146.00 price target (up from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. CIBC dropped their price target on Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 15th. BNP Paribas upgraded Celestica to a “strong-buy” rating in a report on Wednesday, June 11th. Finally, Argus decreased their price objective on Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 29th.

Celestica Stock Performance

Shares of CLS stock opened at $125.18 on Wednesday. The business’s 50 day simple moving average is $101.77 and its 200 day simple moving average is $101.22. Celestica has a one year low of $40.25 and a one year high of $144.27. The stock has a market capitalization of $14.47 billion, a PE ratio of 33.47 and a beta of 1.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. As a group, research analysts forecast that Celestica will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently bought and sold shares of CLS. Rothschild Investment LLC bought a new stake in Celestica during the first quarter worth $26,000. ORG Partners LLC bought a new stake in Celestica during the first quarter worth $29,000. Peregrine Capital Management LLC bought a new stake in Celestica during the fourth quarter worth $30,000. Center for Financial Planning Inc. bought a new position in Celestica in the 1st quarter valued at $30,000. Finally, Pinpoint Asset Management Ltd grew its stake in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. Institutional investors own 67.38% of the company’s stock.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.