Celestica (NYSE:CLS) Price Target Raised to $40.00 at TD Securities

Celestica (NYSE:CLSFree Report) (TSE:CLS) had its target price lifted by TD Securities from $33.00 to $40.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the technology company’s stock.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Celestica from $33.00 to $38.00 and gave the company an outperform rating in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on Celestica from $32.50 to $38.00 and gave the stock a buy rating in a research report on Wednesday. BMO Capital Markets increased their price objective on Celestica from $32.00 to $37.00 and gave the stock an outperform rating in a report on Wednesday. Stifel Nicolaus lifted their target price on Celestica from $26.00 to $30.00 and gave the company a hold rating in a research note on Thursday, November 30th. Finally, CIBC increased their price target on Celestica from $33.00 to $41.00 and gave the stock an outperform rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Celestica currently has a consensus rating of Moderate Buy and a consensus price target of $33.88.

Get Our Latest Analysis on Celestica

Celestica Stock Performance

Shares of CLS opened at $34.36 on Wednesday. The firm has a fifty day moving average of $28.94 and a 200-day moving average of $25.13. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 16.93 and a beta of 2.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 1.43. Celestica has a 1 year low of $10.50 and a 1 year high of $35.23.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc raised its holdings in shares of Celestica by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 96,994 shares of the technology company’s stock worth $1,409,000 after purchasing an additional 494 shares in the last quarter. Trexquant Investment LP boosted its holdings in Celestica by 0.6% during the third quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock worth $2,170,000 after buying an additional 502 shares in the last quarter. Alliancebernstein L.P. grew its position in Celestica by 6.0% in the second quarter. Alliancebernstein L.P. now owns 16,866 shares of the technology company’s stock worth $245,000 after buying an additional 948 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Celestica by 27.5% in the second quarter. Signaturefd LLC now owns 5,044 shares of the technology company’s stock valued at $73,000 after buying an additional 1,088 shares in the last quarter. Finally, Clearstead Advisors LLC acquired a new stake in shares of Celestica during the 3rd quarter valued at $32,000. 71.33% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

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Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through Advanced Technology Solutions, and Connectivity & Cloud Solutions segments. 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.

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