Brokerages Set Celestica Inc (CLS) PT at $9.96

Celestica Inc (NYSE:CLS) (TSE:CLS) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.00.

Several equities analysts recently issued reports on CLS shares. Zacks Investment Research cut Celestica from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. TD Securities dropped their target price on Celestica from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, February 1st. BMO Capital Markets set a $9.00 price target on Celestica and gave the stock a “hold” rating in a research note on Saturday, February 2nd. ValuEngine lowered Celestica from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Finally, Scotiabank lowered Celestica from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 1st.

CLS stock traded down $0.05 during trading on Wednesday, hitting $8.83. The company had a trading volume of 8,728 shares, compared to its average volume of 204,363. The stock has a market capitalization of $1.21 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 5.59 and a beta of 0.82. Celestica has a 1-year low of $7.53 and a 1-year high of $12.59. The company has a quick ratio of 1.07, a current ratio of 1.74 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Thursday, January 31st. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.33. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Celestica had a return on equity of 7.51% and a net margin of 1.49%. Analysts expect that Celestica will post 0.39 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new position in shares of Celestica during the 4th quarter worth about $91,000. Citigroup Inc. lifted its holdings in Celestica by 10,347.4% during the 4th quarter. Citigroup Inc. now owns 12,119 shares of the technology company’s stock worth $106,000 after buying an additional 12,003 shares during the last quarter. Gluskin Sheff & Assoc Inc. lifted its holdings in Celestica by 100.2% during the 4th quarter. Gluskin Sheff & Assoc Inc. now owns 22,700 shares of the technology company’s stock worth $199,000 after buying an additional 11,360 shares during the last quarter. Geode Capital Management LLC purchased a new stake in Celestica during the 4th quarter worth about $211,000. Finally, ClariVest Asset Management LLC purchased a new stake in Celestica during the 4th quarter worth about $223,000. 66.33% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, 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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Analyst Recommendations for Celestica (NYSE:CLS)

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