Celestica (NYSE:CLS) Price Target Increased to $48.00 by Analysts at BMO Capital Markets

Celestica (NYSE:CLS) (TSE:CLS) had its target price increased by BMO Capital Markets from $37.00 to $48.00 in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the technology company’s stock.

Several other analysts have also recently weighed in on the company. CIBC boosted their price target on Celestica from $33.00 to $41.00 and gave the stock an outperform rating in a report on Wednesday, January 31st. TD Securities upped their price objective on Celestica from $33.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, January 31st. StockNews.com downgraded Celestica from a buy rating to a hold rating in a research note on Wednesday, February 28th. Canaccord Genuity Group upped their price objective on Celestica from $32.50 to $38.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada upped their price objective on Celestica from $33.00 to $38.00 and gave the company an outperform rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $36.38.

Celestica Stock Up 5.5 %

Shares of NYSE CLS opened at $42.98 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 21.17 and a beta of 2.22. Celestica has a 12 month low of $10.50 and a 12 month high of $51.12. The stock has a 50-day moving average price of $44.10 and a two-hundred day moving average price of $33.87.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, January 29th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.68 by $0.08. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.08 billion. Celestica had a return on equity of 17.09% and a net margin of 3.07%. As a group, analysts forecast that Celestica will post 2.59 earnings per share for the current fiscal year.

Institutional Trading of Celestica

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearstead Advisors LLC acquired a new stake in Celestica during the 3rd quarter valued at approximately $32,000. Principal Securities Inc. acquired a new stake in Celestica during the 4th quarter valued at approximately $42,000. Byrne Asset Management LLC grew its position in shares of Celestica by 78.6% during the 1st quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock worth $56,000 after buying an additional 550 shares during the period. Covestor Ltd acquired a new stake in shares of Celestica during the 3rd quarter worth approximately $68,000. Finally, Blue Trust Inc. grew its position in shares of Celestica by 128.6% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after buying an additional 1,384 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

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.