Celestica (NYSE:CLS) Trading Down 3.2%

Celestica Inc. (NYSE:CLSGet Free Report) (TSE:CLS) was down 3.2% during trading on Monday . The stock traded as low as $53.84 and last traded at $54.11. Approximately 368,893 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 2,278,831 shares. The stock had previously closed at $55.91.

Analyst Ratings Changes

A number of analysts have recently weighed in on CLS shares. BMO Capital Markets upped their target price on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Stifel Nicolaus upped their target price on shares of Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. CIBC upped their target price on shares of Celestica from $49.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, May 27th. Finally, Royal Bank of Canada upped their target price on shares of Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Sunday, April 28th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.22.

Read Our Latest Stock Report on Celestica

Celestica Stock Down 3.8 %

The company’s 50-day moving average is $50.87 and its 200 day moving average is $42.01. The company has a market capitalization of $6.39 billion, a PE ratio of 20.19 and a beta of 2.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.42.

Celestica (NYSE:CLSGet Free Report) (TSE:CLS) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.10 billion. Celestica had a net margin of 3.86% and a return on equity of 18.25%. As a group, analysts anticipate that Celestica Inc. will post 2.87 EPS for the current year.

Institutional Trading of Celestica

A number of institutional investors have recently made changes to their positions in CLS. Trexquant Investment LP raised its stake in Celestica by 0.6% during the 3rd quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock worth $2,170,000 after acquiring an additional 502 shares during the period. Byrne Asset Management LLC boosted its stake in Celestica by 78.6% during the first quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock worth $56,000 after buying an additional 550 shares during the period. Guardian Capital Advisors LP boosted its stake in Celestica by 8.5% during the fourth quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock worth $256,000 after buying an additional 685 shares during the period. Blue Trust Inc. boosted its stake in Celestica by 128.6% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after buying an additional 1,384 shares during the period. Finally, UMB Bank n.a. bought a new stake in shares of Celestica during the first quarter worth $64,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

(Get Free Report)

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.

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