Celestica Inc. (NYSE:CLS) Short Interest Update

Celestica Inc. (NYSE:CLS) (TSE:CLS) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,410,000 shares, a growth of 15.6% from the October 31st total of 2,950,000 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,300,000 shares, the short-interest ratio is presently 1.5 days.

Celestica Stock Up 2.5 %

NYSE:CLS traded up $2.08 during trading hours on Friday, hitting $85.24. The stock had a trading volume of 1,006,790 shares, compared to its average volume of 2,531,811. The company has a market cap of $9.92 billion, a PE ratio of 27.06 and a beta of 2.24. The business has a 50 day simple moving average of $68.66 and a two-hundred day simple moving average of $58.62. Celestica has a 1-year low of $25.83 and a 1-year high of $93.15. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business earned $0.65 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Analysts predict that Celestica will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in Celestica during the first quarter worth about $1,040,000. Cetera Advisors LLC bought a new stake in shares of Celestica in the 1st quarter worth approximately $367,000. DekaBank Deutsche Girozentrale acquired a new position in Celestica during the 1st quarter valued at approximately $110,000. Harbor Capital Advisors Inc. bought a new position in Celestica during the 2nd quarter worth $2,308,000. Finally, Naples Money Management LLC increased its position in Celestica by 90.0% in the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after buying an additional 450 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CLS shares. BMO Capital Markets upped their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays assumed coverage on Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective for the company. Royal Bank of Canada lifted their target price on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Securities upped their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $71.45.

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.