Celestica Inc. (NYSE:CLS) Receives $109.55 Average Target Price from Analysts

Shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) have received an average recommendation of “Buy” from the eleven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $109.55.

CLS has been the topic of a number of analyst reports. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Barclays dropped their price objective on shares of Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their target price on Celestica from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $120.00 target price on shares of Celestica in a research report on Monday, April 28th.

Celestica Price Performance

Shares of NYSE:CLS opened at $111.29 on Friday. Celestica has a twelve month low of $40.25 and a twelve month high of $144.27. The company’s 50 day moving average is $88.35 and its 200 day moving average is $96.40. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a market cap of $12.87 billion, a PE ratio of 29.76 and a beta of 1.65.

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

Institutional Investors Weigh In On Celestica

Several large investors have recently modified their holdings of CLS. Rothschild Investment LLC purchased a new stake in shares of Celestica during the first quarter worth approximately $26,000. ORG Partners LLC purchased a new position in Celestica in the first quarter worth $29,000. Peregrine Capital Management LLC purchased a new position in Celestica in the fourth quarter worth $30,000. Center for Financial Planning Inc. purchased a new position in Celestica in the first quarter worth $30,000. Finally, Pinpoint Asset Management Ltd raised its position in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors 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.