Celestica Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s share price reached a new 52-week high during trading on Friday after TD Securities raised their price target on the stock from $68.00 to $70.00. TD Securities currently has a buy rating on the stock. Celestica traded as high as $68.64 and last traded at $68.64, with a volume of 16959 shares. The stock had previously closed at $67.94.
Other equities analysts have also issued research reports about the stock. Stifel Nicolaus increased their target price on shares of Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. CIBC raised their price target on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Royal Bank of Canada lifted their price target on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen boosted their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.
Check Out Our Latest Research Report on Celestica
Institutional Inflows and Outflows
Celestica Stock Up 2.1 %
The business has a 50-day simple moving average of $52.42 and a 200-day simple moving average of $52.31. The company has a market cap of $8.24 billion, a PE ratio of 25.89 and a beta of 2.28. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. Equities research analysts anticipate that Celestica Inc. will post 3.22 EPS for the current year.
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.
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