Stock Traders Purchase High Volume of Celestica Call Options (NYSE:CLS)

Celestica Inc. (NYSE:CLS) (TSE:CLS) saw some unusual options trading activity on Tuesday. Stock investors bought 5,725 call options on the stock. This represents an increase of 54% compared to the typical daily volume of 3,709 call options.

Celestica Trading Up 0.8 %

Shares of Celestica stock opened at $44.10 on Thursday. The firm has a fifty day moving average price of $44.32 and a 200 day moving average price of $34.11. Celestica has a 1 year low of $10.50 and a 1 year high of $51.12. The stock has a market cap of $5.26 billion, a PE ratio of 21.77 and a beta of 2.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.40 and a quick ratio of 0.75.

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

Hedge Funds Weigh In On Celestica

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $318,000. Carolina Wealth Advisors LLC grew its holdings in shares of Celestica by 6.5% in the third quarter. Carolina Wealth Advisors LLC now owns 45,587 shares of the technology company’s stock valued at $1,118,000 after purchasing an additional 2,800 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Celestica in the third quarter valued at approximately $285,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Celestica in the third quarter valued at approximately $1,191,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Celestica by 29.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,469 shares of the technology company’s stock valued at $626,000 after purchasing an additional 5,758 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Celestica from $38.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday. StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. TD Securities raised their price target on shares of Celestica from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Canaccord Genuity Group raised their price target on shares of Celestica from $32.50 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets raised their price target on shares of Celestica from $37.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.38.

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.