Celestica (NYSE:CLS) Price Target Raised to $100.00

Celestica (NYSE:CLS) (TSE:CLS) had its price target increased by Stifel Nicolaus from $70.00 to $100.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the stock. Barclays initiated coverage on shares of Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price target on the stock. TD Securities lifted 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, October 24th. Royal Bank of Canada lifted their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. UBS Group initiated coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.18.

Celestica Stock Up 1.1 %

Shares of NYSE CLS opened at $90.99 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $10.59 billion, a PE ratio of 28.89 and a beta of 2.27. The firm has a fifty day moving average of $75.75 and a 200-day moving average of $60.81. Celestica has a 52-week low of $26.62 and a 52-week high of $96.00.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. On average, analysts anticipate that Celestica will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cetera Advisors LLC acquired a new position in Celestica during the 1st quarter worth $367,000. SG Americas Securities LLC grew its stake in shares of Celestica by 276.6% in the second quarter. SG Americas Securities LLC now owns 18,935 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 13,907 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Celestica in the second quarter worth $218,000. Rockingstone Advisors LLC bought a new position in shares of Celestica in the second quarter worth $2,442,000. Finally, Blue Trust Inc. grew its stake in shares of Celestica by 422.8% in the second quarter. Blue Trust Inc. now owns 7,314 shares of the technology company’s stock worth $419,000 after purchasing an additional 5,915 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

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.